Morning Roundup (2/4/25) – Rocket Pro Supports Trigger Lead Legislation

Good Morning! Today is Tuesday, February 4. The leaders of Canada and Mexico made last-minute deals with President Trump to avoid a trade war. China announced targeted tariffs after the US imposed new levies. The EPA has begun clearing toxic debris from homes destroyed by the Los Angeles wildfires. 

The Mortgage Note Reports

Trigger Leads: Leaders at Rocket Pro say they will support legislation that stops the abusive use of mortgage trigger leads. Editor Kimberley Haas has the story.

Head Honcho: Billionaire hedge fund manager Scott Bessent, the newly confirmed Treasury Secretary, has been named acting director of the CFPB.

Appraisal Leaders: Daniel Figurski has joined SingleSource Property Solutions as chief appraiser, spearheading its goal to expand the company’s valuation services.
Quote Of The Day
“The last thing we want is a rollback of any consumer protections or a return to loose lending… the lack of high-risk mortgages in the marketplace today has kept the housing market buffered from another major crash, despite poor affordability.”

Colin Robertson on CFPB Freeze, Scott Bessent
Do you like receiving this newsletter? Forward it to a friend so they can sign up!
In other mortgage and housing news…

Fraud Alert: Nearly 1 in 20 consumers became victims of wire fraud during a real estate transaction in the last three years, and first-time homeowners are especially at risk.

Espionage?: A former Senior Adviser for the Federal Reserve Board of Governors was arrested on charges that he conspired to steal trade secrets for the benefit of China.

Cause For Concern: Democratic senators requested the Pentagon look into skyrocketing military housing costs.

Company News: CenterSquare unveiled a commercial real estate debt co-investment vehicle with Singapore-based Temasek.

Pet Housing: Nominations for the 2025 Pets and Housing awards are now open, honoring the most pet-friendly and inclusive people and properties.