Morning Roundup (2/13/2023) — Farner To Retire

Good Morning! Today is Monday, February 13. The Kansas City Chiefs beat the Philadelphia Eagles in the Super Bowl. The US and Canada are investigating UFOs shot down over Alaska, the Yukon, and Michigan. Investors have pulled $31 billion from equity mutual funds and exchange-traded funds in the past six weeks.

The Mortgage Note Reports

Rocket Shake-Up: Rocket CEO Jay Farner is retiring after 27 years with the company, with executive Bill Emerson taking over the role on an interim basis starting June 1.

Rate Locks Improve: Rate lock volumes increased across the board in January, finally breaking a nine-month downward streak, but the good news may not last.

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.


In other mortgage and housing news…

Love Or Money?: 63% of people who have moved in with a romantic partner said that their decision was impacted by finances, especially younger couples.

Consumer Sentiment: U.S. consumer sentiment climbed to a more than one-year high in early February as more upbeat views outweighed lingering concerns.

Investors’ Bright Side: For rental investors, rising mortgage rates can actually be a benefit. Here’s how.

Financial Disadvantage: Black Americans own a disproportionately small share of homes in every metro analyzed in a LendingTree study.

2% Obsession: Why is the 2% inflation rate so important to the Federal Reserve? First American breaks down the thinking in a podcast episode.

New TX PL: Planet Home Lending has opened a new branch in Dallas, Texas.

Fraud Alert: A UK mother and her three sons have been imprisoned for multiple counts of mortgage and investment fraud.