Morning Roundup (11/6/2024) – Trump Win Spells Affordability Pain

Good Morning! Today is Tuesday, November 6. Donald Trump won the election. The Senate went red, and the House is still being decided. Flooding in Missouri killed at least four people, including two poll workers.

The Mortgage Note Reports

The Election: A second Trump presidency is likely to hurt housing affordability more than help it, analysts say, as his preferred policies make real estate more expensive.

Tech Leaders: Dark Matter’s chief revenue officer, Sean Dugan, will succeed current CEO Rich Gagliano, effective next April.

In other mortgage and housing news…

Earnings: LoanDepot’s earnings showed growth in loan originations as interest rates fell and the housing market entered a more “normalized environment.”

Company News: Blend and Covered Insurance Solutions announced a new strategic partnership to further streamline the home insurance shopping experience.

Control What You Can: Mortgage pros say they are encouraging clients to move forward with their applications.

Market Watch: These are the five housing markets to watch in 2025.

“Silly Rule”: A rule requiring apartments to have windows that open could be preventing NYC office buildings from being converted to apartments. Should it change?