Morning Roundup (2/2/2022)– Applications Up, Home Prices Expected To Moderate

Good Morning! Today is February 2, 2022. It’s official: Tom Brady is retiring. The U.S. national debt topped $30 trillion, a record. ABC suspended Whoopi Goldberg for two weeks after she said that the Holocaust was not about race. She later apologized.

The Mortgage Note Reports

Guaranteed Rate No. 8 To Debut In NASCAR Race:Race car driver Tyler Reddick will debut the new Guaranteed Rate No. 8 Chevrolet at the first-ever Busch Light Clash at the Coliseum this Sunday.

Application Volume Back Up: Mortgage loan application volume rose 12% after falling 7.1% last week, MBA reports.

CoreLogic HPI: Home prices rose by 18.5% across the nation in December 2021, but are expected to moderate in the next twelve months.

Panorama CEO: Panorama Mortgage Group named Sarah Gonzalez as the company’s president and CEO.

And in other mortgage and housing news…

Opportunities For Lenders: Sales Boomerang’s Mortgage Market Opportunities Report for Q4 2021 identified increasing opportunities for mortgage lenders to help borrowers with tappable home equity.

Renovo HP: Audax Private Equity has created Renovo Home Partners, a new platform providing home repair and remodel products and services formed from three regional businesses.

Applications Open: Flagstar Bank is now accepting applications for the third class in its MortgageTech Accelerator program, with applications due Feb 18.

“High Demand, Higher Hurdles”: A new report by Finicity, a Mastercard company, found that 89% of respondents find the loan application was more stressful or as stressful as the home-buying experience.

Landlords Win Again: Outsize residential rent increases show that landlords have the upper hand again, and could be exacerbated by the Fed’s rate hikes.

A Second And Third Opinion: Forbes Advisor recommends homebuyers contact multiple mortgage companies when preparing to take out a home loan.