Morning Roundup (3/2/2023) — New Offers From Lenders

Good Morning! Today is Thursday, March 2. The Senate voted to repeal a rule that lets retirement funds consider climate change when they invest. The drugmaker Eli Lilly is cutting prices on some insulin products. Yosemite National Park has been closed for five days because of snow.

The Mortgage Note Reports

Redlining Agreement: Officials at the U.S. Department of Justice have reached a $9 million agreement with an Ohio-based bank to resolve redlining allegations. Editor Kimberley Haas has the story.

Whole New FormFree: FormFree is entering a new era, having strategically divested itself of asset-verification service AccountChek and naming a new president.

PrimeLending Offer: PrimeLending and SimpliSafe announced a partnership to provide mortgage borrowers with preventative smart home protection.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.


In other mortgage and housing news…

Company News: PennyMac has a new Board member; Angel Oak is changing its name to Angel Oak Mortgage REIT.

UWM #1: UWM extended its streak as the nation’s top mortgage lender for the second consecutive quarter but Rocket edged out the company in mortgage originations for all of 2022.

Language Change: MA legislators filed a bill seeking to remove the pressure homebuyers feel to waive the home inspection contingency in their offers.

More Homes, Less Action: Home sellers are less active this year, says, though the number of homes for sale is up by 67.8% YOY.

Minding The Gap: More Americans now own their homes, but the gap in Black homeownership vs. white homeownership is the biggest in a decade.