Morning Roundup (11/18/2024) – Florida’s Recovery

Good Morning! Today is Monday, November 18. President Biden authorized Ukraine to strike Russia using US-supplied long-range missiles. Donald Trump said he was standing by Pete Hegseth, his nominee for defense secretary who has been accused of sexual assault. Israeli airstrikes hit Beirut, killing at least six people.

The Mortgage Note Reports

Florida’s Recovery: As the people of Florida recover from Hurricane Milton, there are concerns, but “overall, the optimism is strong.” Writer Chuck Green has the story.

Savings And Gains: New research found that accelerating loan delivery to the secondary and capital markets through eClosings leads to pricing gains of up to 10 bps.

Leaders At Fairway: Linda Davidson has been named Fairway’s new President of National Branch Optimization – Operations.

In other mortgage and housing news…

Profits Improve: IMBs netted $701 per loan originated in Q3, up from $693 in Q2, a major improvement from an average loss of 43 basis points in the past two years.

Tragic News: Industry pioneer Chrissi Callaghan Rhea, co-founder of Mortgage Investors Group and member of the MBA board of directors, died at the age of 73.

Lock Volume: MCT says lock volume jumped 2.5% and expects markets to stabilize with the new focus on November jobs and CPI data points.

Company News: Guild Mortgage has been awarded the 2025 Military Friendly Employer designation for policies and programs in support of Veterans and their families.

“Feeling Stuck”: Owning a home with an affordable mortgage may seem like a dream, but for many Americans, it’s starting to feel like a trap.

Holiday Markets?: Here are the pros and cons of buying a home during the holidays.