Morning Roundup (10/7/2021)– Mortgage Rates Fall, Median Asking Price Hits Record High

Good Morning! Today is Thursday, October 7. Facebook has slowed the release of new products for “reputational reviews.” GM wants to double its revenue by 2030 with battery-electric models and auto services. WHO approved the first Malaria vaccine. A federal judge issued a preliminary injunction blocking the Texas abortion ban.

And in mortgage and housing news…

Freddie: Mortgage rates fell slightly to 2.99% over the past week, Freddie Mac reported.

Non-QM Tech: Angel Oak Mortgage Solutions is focusing on streamlining the process of closing non-QM loans so that it more closely resembles closing an agency loan.

Averages Rise: The average homebuyer’s monthly mortgage payment rose $50 over the last six weeks.

Hispanic Homeowners: Hispanic homeowners are driving the U.S. market. put together a profile of the average Hispanic seller.

Alt Construction: FHFA appointed Matthew Feldman Chairman of the Board of Managers at CSS, as it starts to transition into corporate structures more focused on supporting Fannie and Freddie’s infrastructure.

Delinquencies Down: Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, according to the MBA.

Foreclosure Analysis: Black Knight took a granular look at what markets might be most vulnerable to foreclosure.

New HUD Eviction Rules: HUD announced that it will publish a rule prohibiting eviction for nonpayment of rent from HUD-funded properties without providing a 30-day notice period that includes information about available federal emergency rental assistance.

Economic Review: The October Mortgage Economic Review summarizes economic indicators, data, and events relevant to mortgage and real estate professionals.

Team-Up:Snapdocs and Freddie Mac teamed up on a new program to address tech issues that hinder the adoption of eMortgages and eNotes.

RealFi Lawsuit: A former marketing director at RealFi accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination.