Morning Roundup (2/21/2023) — Sun Belt Success And Stress

Good Morning! Today is Tuesday, February 21. Putin said in a nationwide address that Russia would suspend participation in its last major nuclear arms control treaty with the U.S. Another powerful earthquake hit Turkey and Syria, trapping more people in the rubble. Prosecutors downgraded the charges against Alec Baldwin in the “Rust” case, reducing possible prison time.

The Mortgage Note Reports

Sun Belt Success And Stress: As North Carolina continues to grow post-pandemic, Editor Kimberley Haas sat down with Senior Loan Officer Troy Williamson to talk about what he is seeing in his home state.

Existing-Home Sales Down: Existing-home sales dropped for the twelfth straight month in January, though the declines are milder than in previous months.

loanDepot Upgrades Servicing: loanDepot has migrated all of its mortgage loans into its in-house servicing platform.

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…

“Further Weakness Ahead”: Fannie Mae says that despite the economy starting strong in 2023, including a bump in housing activity, the good news won’t last…

But Originators Feel Good: …But mortgage originators said in a survey that they are feeling optimistic about the next six months, hoping for a rebound.

“A Very Good Position”: U.S. home values are up 6% from a year ago and are 39% higher than in 2020, but stabilizing as buyers jump into the spring market, Zillow says.

Rent Growth Down By Half: U.S. single-family rental price growth rose by 6.4% YOY in December 2022, compared with the 12.1% gain recorded in December 2021.

NA Leadership: New American Funding promoted Patty Arvielo to CEO and Chief Operating Officer Christy Bunce to President.

Keller Bought: Mutual of Omaha Mortgage has announced the strategic acquisition of the assets of Keller Mortgage.