Morning Roundup (2/28/2023) — Majestic Banned From Home Lending

Good Morning! Today is Tuesday, February 28. Hackers broke into a division of the Justice Department and stole personal information about targets and employees. Britain and the European Union agreed to resolve a trade conflict in Northern Ireland. Another earthquake struck Turkey in the same region devastated by a quake earlier this month.

The Mortgage Note Reports

Shut Down: Officials at the Consumer Financial Protection Bureau are taking action against a California-based mortgage lender that allegedly sent misleading advertisements to military families.

Home Prices Wane: Home price appreciation continued to cool in December, with some pricey Western markets seeing prices drop year-over-year. Roll Out: has launched Equity Unlocker, a new product for Amazon employees with vested equity in the company.

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…

CFPB Challenged: The Supreme Court agreed to hear arguments in a case that challenges the constitutionality of funding of the Consumer Financial Protection Bureau.

RON Passed: The House passed the SECURE Notarization Act yesterday, authorizing and creating national standards for remote online notarization.

All Cash On The Rise: The share of all-cash deals rose to its highest level since 2013, but investors have retreated, suggesting regular buyers are stepping in.

Company News: New American Funding became the exclusive mortgage partner of news org Patch; Exquifax made expanded mortgage credit reports more accessible.