Good Morning! Today is Monday, February 7. The White House said a Ukraine invasion could come “any day now.” The Dutch speedskater Ireen Wüst became the first person to win individual golds at five Olympics. New Jersey’s Democratic governor will lift the state’s school mask mandate.
The Mortgage Note Reports
CA Broker Calls Out UWM: Jason Vondrak of Prospect Home Finance announced he has laid off 50 employees and blamed UWM and its CEO, Mat Ishbia.
loanDepot CEO Remains Focused On Long-Term Strategy After Mixed 2021 Results: The CEO of loanDepot says they will continue to focus on their long-term strategy to become the most trusted homeowner fulfillment company in the world after the company released their results for 2021, which show a decline in net income but an increase in market share.
Hispanic Homeownership: Hispanic households continue to make significant gains despite the challenges they face in the hot housing market.
Guild Mortgage Hire: Guild Mortgage has selected Victoria Garcia DeLuca as its first vice president of marketplace diversity strategy.
And in other mortgage and housing news…
UWM vs America’s Moneyline: UWM filed a lawsuit in federal court claiming America’s Moneyline violated its broker agreement and is asking for $2.8 million.
“I Felt Stuck”: Consumer groups want the FDIC to ban “rent-a-bank” loans that can charge any rate they like unchecked, some even up to 100%.
Price Growth To Drop: Home price appreciation, which has been in the double digits since Summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to Redfin.
No End In Sight: In the early weeks of 2022, signs point to continuing cutthroat bidding and rising prices, Bloomberg’s CityLab reports.
Least Affordable: San Diego has surpassed San Francisco as the US’s least affordable metro area, according to a new report from OJO Labs.
Fairway #1: Fairway Independent Mortgage has been named the best place to work in the US by Energage’s 2022 Top Workplaces USA.
“Hardly Any Houses Left”: The supply of houses for sale plunged to record lows in recent months, and even if you can win the bidding war, the cost of a mortgage is rising.
Take A Guess: A TikTok influencer uses his platform to find out how much New Yorkers actually pay in rent.