Good Morning! Today is Monday, March 14. Russian forces hit Kyiv with heavy artillery strikes this morning after days of fighting in the suburbs. Barack Obama tested positive for Covid-19. Less than two months after announcing his retirement, quarterback Tom Brady said he will return to the Tampa Bay Buccaneers and play again.
The Mortgage Note Reports
Help Us Highlight Those Who Are Supporting The People Of Ukraine: The people of the world are watching the horror unfolding in Ukraine, and we at The Mortgage Note want to highlight those in the housing industry who are stepping up to help.
AIME Lobbying: AIME is teaming up with lobbying firm Forbes Tate Partners to represent brokers in government affairs.
Cash Is King: Prospective homebuyers who offered all cash were more than four times as likely to win a bidding war as those who didn’t in 2021.
And in other mortgage and housing news…
Rent Control Revival: Lawmakers are looking to enact rent control, reviving measures largely shunned in recent years in an effort to curb the national surge in rental prices.
“Disparate Impact”: Wells Fargo only approved 47% of refi applications from Black homeowners in 2020, compared with 72% of White owners, Bloomberg News reported.
Inventory: U.S. inventory sank to 729,000 home listings in February, down 25% from February 2021 and 48% from February 2020.
Buying A Vacant Lot?: Buying land is one way to get your dream house, but the rules can be much tougher.
Final Purchase: The Fed will announce the final purchase of outstanding mortgage-backed securities, ending the largest quantitative-easing program in U.S. history.
Trump Tower Refi: Donald Trump refinanced the mortgage on Trump Tower with a $100 million loan from California-based Axos Bank.
Back To The Office: Calling employees back to offices may not work at a time when finding affordable housing– often far from busy metro areas– is so important.