Good Morning! Today is Monday, November 1. World leaders are gathering in Glasgow for a climate summit. American Airlines scrubbed more than 1,900 flights over the weekend, the latest in a series of cancellations to disrupt travelers’ plans. White House Press Secretary Jen Psaki tested positive for Covid-19.
And in mortgage and housing news…
Rocket Mortgage Partners With Salesforce: Rocket Mortgage announced a new partnership with Salesforce in a bid to expand its market share.
60% Of Households Priced Out Of New Construction: Prices for newly-constructed homes outpaced median income, pricing out most Americans, according to a study from real estate tech firm Knock.
Haunting History: Halloween may be over, but it’s never a bad time to find out how many deaths have been reported in your home.
New CFPB Leadership: The CFPB named two former Obama administration officials as new chiefs for Supervision and Enforcement positions.
Homebuyer Fears: Both veteran and first-time homebuyers report fear of the home buying process, but their fears are different, an Ojo Labs report reveals.
Freddie Mac Q3: Freddie Mac’s Q3 financial report showed a strong quarter for the company, with income up 19% YOY and delinquencies down…
And Fannie, Too: As did Fannie Mae, which more than doubled its net worth compared to a year ago with an income of $4.8 billion.
Ishbia Named Top Michigander: UWM’s Mat Ishbia is named one of the Detroit News’ Michiganians of the Year.
Villa Home Expansion: NP, Inc. announced the expansion of its retail division with the launch of a new DBA, Villa Home Loans.
Interest In New Metros Drops: Only 30% of homebuyers looked into moving to different metros in Q3, the lowest share since 2020, Redfin reports.