Morning Roundup (11/27/2023) — A Gift Won’t Cut It

Good Morning! Today is Monday, November 27. Hamas released an American child along with 16 other hostages. President Biden will skip the U.N. climate summit in Dubai this week. Teachers in Portland, OR, reached a tentative union deal, ending their strike.

The Mortgage Note Reports

A Gift Won’t Cut It: Holiday marketing plans need to maximize connections, but how can professionals do that during one of the most chaotic times of the year? Writer Nicole Murray spoke to industry leaders to get the information you need to know.

New Home Sales: New home sales sank in October to a seasonally adjusted annual rate of 679,000, below analysts’ predictions of 730,000.

Dodd At Floify: Mortgage POS company Floify hired industry expert Courtney Dodd as its head of marketing to “reinvigorate” the company’s brand.

Housing And Health: The Biden-Harris Administration has released a set of actions to better social determinants of health and officials at HUD say it shows the importance of housing.

In other mortgage and housing news…

Sales At A Loss: A growing number of homeowners are selling their houses for less than they paid for them, with some homeowners losing six-figure amounts on their sales.

Rates To Stay High: Minutes of the latest FOMC meeting showed consensus that rates must stay high “for some time” until inflation clearly moves toward 2%.

FNF Attack: Fidelity National Financial was forced to shut down its systems in the wake of a cyber attack that impacted real estate closings.

Foreclosure Disconnect: Foreclosure starts rose in October, despite serious delinquencies falling again to their lowest level since 2006.

Company News: There’s a new Motto office in North Carolina; ATTOM promoted two employees to C-suite positions; Cenlar announced five new directors.

No Bright Future: Will it ever be a good time to buy a house? Annie Lowrey thinks not.