Morning Roundup (11/9/2023) — Best Time To Buy?

Good Morning! Today is Thursday, November 9. House Republicans subpoenaed Hunter and James Biden as part of an impeachment case. America’s first commercial plant to pull carbon dioxide from the air has opened. U.S. warplanes bombed a Syrian weapons facility linked to Iran in retaliation for attacks against American forces.


The Mortgage Note Reports

Best Time To Buy?: In a year of housing market horrors for buyers, recent rate and price cooldowns, plus an uptick in inventory, may make this the best time to buy in 2023.

Mortgage Machine Hire: Crystal Stanton has joined Mortgage Machines Services to manage customer success and onboarding.

UWM Gearing Up: The CEO of United Wholesale Mortgage says they are investing in technology and hiring new team members in preparation for a turn in rates. Editor Kimberley Haas has the story.

In other mortgage and housing news…

Owners Going Strong: Delinquencies increased in Q3 from a record low in Q2, but those in later stages fell, reflecting the many options available to distressed homeowners.

Investors Back Off: Investor purchases fell 30% YOY as rising mortgage rates, high home prices, and a lackluster rental market made investing less attractive.

New AI Product: Infosys and Better collaborated to produce an AI-driven “Mortgage As A Service” platform for banks and credit unions.

AI Data Platform: Underwriting tech company Rapidio introduced an AI-powered data platform providing lenders with accurate, reliable data extraction.

Veterans Day: CoworkingCafe ranked the best U.S. cities for veterans, while LendingTree analyzed where vets make up the largest share of mortgage applications.