Morning Roundup (11/13/2023) — Rocket Embraces AI

Good Morning! Today is Monday, November 13. The United States attacked armed groups in Syria. Senator Tim Scott suspended his campaign for the 2024 Republican nomination. The FBI is investigating whether NYC Mayor Eric Adams pressured officials to sign off on a new Turkish consulate despite safety concerns.


The Mortgage Note Reports

Artificial Intelligence: Rocket is embracing AI and leaders there say it will be a game changer in the lending industry. CIO Brian Woodring recently sat down with Editor Kimberley Haas to talk about the technology they’re developing.

Simplify The System: In an opinion piece, Rob Zimmer, head of external affairs at the Community Home Lenders of America, argues it is time to streamline the CSBS state exam system.

Priced Out: The income necessary to afford a home has surpassed $100,000, pushing the dream of homeownership farther out of reach for many families.

Buyer Demand Elevated: Inventory is slowly recovering, but a dearth of new listings in October kept competition for attractive homes hot.

In other mortgage and housing news…

“Silver Tsunami”: Baby boomers aging out of their homes and downsizing could put 30 million homes on the market — but it won’t fix the housing crisis for younger buyers.

Flocking To Warmer Weather: With millions of Americans working from home, StorageCafe analyzed the best cities for snowbirds in 2023.

Google Hits A Snag: Google’s pledge to construct 15,000 new homes across the Bay Area faces hurdles now that the company has cut ties with its developer.

Reno De-Boom: Elevated rates and record-high home prices are poised to end the home-improvement spending boom that drove growth at Home Depot and Lowe’s.

“Jaw-Dropping”: A “spectacular” mansion combined with a 4,200-acre ranch in Aspen, CO, hit the market for $86.5 million, making it the most expensive home in America.