Good Morning! Today is Thursday, March 14. The House passed a bipartisan bill that would force TikTok’s Chinese owner to sell the app or face a ban. Family Dollar will close about 1,000 stores. A powerful storm is dumping snow on Colorado, with two to four feet forecast in some areas.
The Mortgage Note Reports
One-Time Close: Wholesale and correspondent lender Click n’ Close launched a new mortgage product designed for homebuyers in rural America.
Tribuna At AH: Affordable lending veteran Mark Tribuna has been named Chief Operations Officer at Arrive Home.
In other mortgage and housing news…
Earnings Report: Guild reported originations at $15 billion in 2023, including $3.5 billion in Q4.
Affordability Woes: The median monthly housing payment was $2,686 during the four weeks ending March 10, just $30 shy of last October’s all-time high.
Investment Opportunity: ATTOM ranked the top counties to buy single-family rentals as the average American worker remains priced out of the market.
Company News: Change Lending is now a member of the Federal Home Loan Bank of San Francisco; Planet Home Lending launched a suite of new homebuyer programs.
“Ready To Spend”: Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024.
The Price Of Coverage: Home insurance prices have risen 55% since 2019, and 2024 is expected to bring even more increases in premiums and deductibles.