Morning Roundup (3/1/2022)– UWM, Pending Home Sales

Good Morning! Today is Tuesday, March 1. A convoy of Russian armed forces stretching approximately 40 miles is moving closer to Kyiv. California, Oregon, and Washington will stop requiring masks in schools. President Biden will deliver his State of the Union address tonight.

The Mortgage Note Reports

The ‘Rent vs. Own’ Debate Heats Up: With both home prices and rents rising at or near record levels, the debate over which makes the most fiscal sense is hotter than ever, these experts say.

Broker Confidence Dips: Broker confidence fell for the second straight month in February, though brokers are “cautiously optimistic” about the future.

CoreLogic HPI: CoreLogic’s Home Price Index found that home prices rose 19.1% YOY in January and 1.4% from December.

And in other mortgage and housing news…

Fannie’s First CRT:Fannie Mae executed its first CRT of 2022 on $26 billion in single-family loans.

Forecasting Prepayment: Black Knight released a complimentary white paper exploring the use of mortgage pipeline rate lock data to inform daily prepayment modeling.

Fannie D&I: Sharifa A. Anderson has been appointed Senior Vice President and Chief Diversity and Inclusion Officer at Fannie Mae.

Better Climate: HUD and DOE announced the inaugural Better Climate Challenge, a partnership with over 80 American businesses focused on carbon reduction. 

Seller Preferences: zavvie’s 2022 Seller Preferences Report found iBuyers bought over 71,000 homes in 2021, 1.3% national market share and a 5x increase from 2020.

Showings Up: A report from ShowingTime found that demand rose in January, with the average number of showings per listing at double digits in 83 markets nationwide.

By The Numbers: Where are women buying homes?

AEI: Here are the 10 metros most threatened by high numbers of FHA delinquencies.