Morning Roundup (2/5/25) – Monster Tenants
| Good Morning! Today is Wednesday, February 5. President Trump said he sees “long-term” U.S. ownership of Gaza. Palestinian leaders rejected the idea outright. The Senate confirmed Pam Bondi as Attorney General. The Mortgage Note Reports Monster Tenant: Thinking about becoming a landlord or renting to someone new? Writer Erin Flynn Jay has advice from industry leaders on how to avoid a “Monster Tenant.” Apps Up: Mortgage applications saw a boost as rates fell to a six-week low on tech stock uncertainty and the FOMC’s decision to hold. Tech Update: Dark Matter Technologies is expanding into the servicing market with a new platform offering a full suite of loan servicing solutions. |
| Quote Of The Day “Mortgage rates moved lower last week, consistent with lower Treasury yields following the FOMC meeting and a volatile week for the stock market.” Joel Kan, MBA Vice President and Deputy Chief Economist |
| Do you like receiving this newsletter? Forward it to a friend so they can sign up! In other mortgage and housing news… Potential For Change: National affordability improved YOY in December and may make gains through 2025… if the stars line up just right. Another AI: Optimal Blue announced Ask Obi, an AI assistant designed to provide mortgage lending executives with instant, actionable insights. “Better Forever”: Better.com launched a loyalty rewards program that waives origination fees on future refinance or purchase loans. Company News: Freedom Mortgage is now on origination platform and wholesale marketplace ARIVE; Arrival Home Loans partnered with zavvie. Housing For Two: Single and divorced people are more likely than married couples to struggle to afford housing payments. |