Morning Roundup (2/22/2024) — Property Investment

Good Morning! Today is Thursday, February 22. President Biden canceled another $1.2 billion in student debt for more than 150,000 borrowers. The head of Boeing’s 737 Max program is leaving the company after high-profile mechanical problems. Stocks in Japan rose to a record high.

The Mortgage Note Reports

Property Investment: Both fix-and-flip investors and rental property owners stand to make money this year, but their outlooks are vastly different. Writer Erin Flynn Jay finds out why.

Home Retention Option: FHA introduced a new offering to help struggling homeowners avoid foreclosure, the Payment Supplement.

Sales Up In January: Existing-home sales rebounded in January, increasing 3.1% from December, registering rate decreases that started late last year.

In other mortgage and housing news…

Sellers Back In: New listings jumped as sellers hope to take advantage of high home sale prices, but buyers are backpedaling as rates hit 7% again.

CRE History: As CRE foreclosures spiked 17% month-over-month in January, ATTOM charted the last decade of commercial activity to shine a light on the current moment.

Company News: Xactus named Michael Crockett its new COO; Fairway unveiled three initiatives to boost its reverse mortgage business; Sagent introduced a new serving platform, Dara, which it says can cut operational costs by 40%.

Property Taxes: Which states have the largest property tax load, and what should residents keep in mind when it comes to meeting and minimizing their tax obligations?

Aging With Grace: HUD announced $115 million in grant funding available to support the development and improvement of affordable rental housing for low-income seniors.

Vacation Darkside: Telluride is selling municipal bonds for affordable housing in order to help teachers who can’t afford to live there. Other resort towns may follow suit.