Morning Roundup (12/23/2024) – 2024’s Topics

Good Morning! Today is Monday, December 23. China said the US is “playing with fire” after pledging military aid to Taiwan. President Biden commuted the death sentences of 37 men, almost all of the prisoners on federal death row. Police detained a man suspected of fatally setting a woman on fire on a subway car in New York City.

The Mortgage Note Reports

2024’s Top Topics: See what impacted our readers the most this year.

Election Aftermath: Builders report that election worries have subsided, and buyers are re-entering the market now that the winner has been declared.

Trending Up: Commercial and multifamily mortgage debt increased in Q3 2024 thanks to a boom in multifamily construction.

Our Latest Podcast: Listen in and learn how Tavant is using generative AI to help lenders drive down origination costs while increasing borrower confidence.

In other mortgage and housing news…

Worst Choice?: Donald Trump’s pick to lead HUD opposes efforts to help the poor, ProPublica reports, yet may soon oversee billions in housing aid.

Success Story: Leaders have successfully expanded public housing in Montgomery County, Maryland, offering a model here in the U.S. that other cities can follow.

He’s A Mean One: Federal Reserve Chairman Jerome Powell played the Grinch for the housing market last week, but housing data is actually positive.

Aiming Higher: The FHFA established affordable housing goals for Fannie Mae and Freddie Mac from 2025 through 2027.

Beat The Market: Buying in New York and looking to save? Try for a co-op in 2025.