Morning Roundup (12/13/2022) – Accurate, Mortgage Cadence Team Up

Good Morning! Today is Tuesday, December 13. The Supreme Court declined to block California’s ban on flavored tobacco. Scientists have made a potentially significant breakthrough in nuclear fusion, which could change energy’s future. Hundreds of migrants crossed the U.S.-Mexico border on Sunday night, one of the largest single crossings in years.

The Mortgage Note Reports

ICYMI: The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. Editor Kimberley Haas has the story.

Accurate x Mortgage Cadence: Accurate Group and Mortgage Cadence have joined forces to offer end-to-end digital mortgage technology.

Company News: Brian Ralston has been promoted to EVP, Chief Mortgage Banking Officer at NexBank, and Baiju Thakkar has joined Supreme Lending as CIO.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

How are you helping your community this holiday season? We want to know. Share your story by emailing us: [email protected]

In other mortgage and housing news…

November CPI: Inflation slowed more than expected last month, up 7.1% from last year and 0.1% from the month prior.

Adaptive Reuse Fail: The median U.S. asking rent climbed 7.4% YOY in November, the smallest gains in 15 months and the sixth straight month of slowing.

CFPB Registry: The CFPB proposed creating an online registry of nonbank financial firms to alert the public of potential bad actors and detect repeat offenders.

Office Holiday Parties Rebound: Although some companies have curtailed celebrations due to layoffs, office holiday parties are taking place for the first time since 2019.

Modernizing Homebuying: Congress must pass a bill allowing nationwide digital real estate closings using remote notarization, Diane Tomb and Bob Broeksmit argue.

Santa’s House Is Back: Take a peek inside Santa’s $1.5M home, featuring a state-of-the-art toy workshop and Elf Village.