Good Morning! Today is Wednesday, March 13. Biden and Trump swept yesterday’s primary elections. Airbnb will ban the use of indoor security cameras. The U.S. will send Ukraine up to $300 million in weapons.
The Mortgage Note Reports
Refi’s Moment To Shine: Mortgage applications increased for a second week as rates retreated from 7%, giving refinances a boost.
Historic Moment: Snapdocs and Fairway Independent Mortgage recently completed the largest eNote migration in mortgage history.
Minimizing Delinquencies: The president of Cornerstone Servicing says they are prepared to help lenders as inflation and the rising costs associated with ownership put financial pressure on Americans, leading to potential defaults in the second half of the year.
In other mortgage and housing news…
Protecting Consumers: The MBA and other housing organizations sent a letter to lawmakers urging them to support “trigger lead” legislation.
Evaluating Risk: Realtor.com launched three new climate risk factor scores on its website to help buyers understand potential dangers to their properties.
Changing Dynamics: Foreclosure filings were down 1% from January to February but up 8% YOY, hinting at “evolving financial landscapes for homeowners.”
Company News: Polly announced a new data analytics tool, Lender Intelligence.
Bigger And Bigger: The largest nonbank lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space.