Good Morning! Today is Thursday, December 21. The U.N. is working on a ceasefire resolution to bring aid into Gaza and release hostages. Harvard found instances of insufficient citation in its president’s 1997 dissertation. The U.S. freed an ally of Venezuela’s president in a prisoner swap for 10 Americans.
The Mortgage Note Reports
CR Under Fire: The CFPB and DOJ are suing Texas-based Colony Ridge, saying it targeted Hispanic borrowers with “bait-and-switch” land sales and predatory loans.
ICE First Look: Delinquencies rose in November but remain historically low despite some worrying data about FHA and VA loans.
In other mortgage and housing news…
Pricing Buckets Pose Risk: Loan officers are dramatically cutting their pay to win clients, but it’s often illegal.
Better Backfire: SoftBank’s multi-billion dollar bet on Better is souring as the lender struggles to stay afloat in the current market under “polarizing” CEO Garg Vishal.
Support For Funding: Seven housing interest groups sent a letter asking the House and Senate to fully fund both the FHA and Ginnie Mae.
Bittersweet Data: Major homeownership expenses require one-third of the average American’s wages, a 16-year high, but haven’t worsened between Q3 and Q4.