Morning Roundup (12/14/2022) – Loans Rebound

Good Morning! Today is Wednesday, December 14. Elon Musk stopped paying rent on some of Twitter’s offices and disbanded a content moderation council to cut costs. President Biden signed a bipartisan bill protecting same-sex marriage rights. Tornadoes hit Texas, Oklahoma, and Louisiana, part of a winter storm sweeping the country.

The Mortgage Note Reports

Data As Oxygen: The CEO of an advanced analytics company says the latest version of their platform includes a new reporting tool that can help lenders and servicers navigate the current market. Editor Kimberley Haas sat down with Augie Del Rio, co-founder of Gallus Insights.

Loans Rebound: Mortgage loan application volume rebounded last week, breaking a weeks-long streak of declines, with both refis and purchase loans seeing a boost.

UMortgage Hire: Todd Bitter has joined UMortgage as its Chief Sales Officer.

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…

NAR’s Forecast: NAR predicts 4.78 million existing-home sales in 2023, down 6.8% from 5.13 million in 2022, and that prices will remain stable.

Homeowners Safe: Just 3 in 100 homeowners who bought in the last 2 years would be underwater on their mortgage if home values drop by 4% next year.

Migration Patterns: For the last 5 years Texas, North Carolina, South Carolina, Florida, and Arizona have been the top states Americans are moving to.

Unsustainability: Freddie Mac analyzed the main areas of financial stress first-time homebuyers experience and which lead to unsustainable homeownership.

RiskSpan Updates: RiskSpan announced upgrades to its platform which are intended to offer frictionless data insights for residential mortgage products.

Company News: Union Home Mortgage hired a new regional manager for Texas; Motto has a new office in Ada, Oklahoma; Vibrato, a new lender focused on self-employed borrowers, opens in Arizona.