Morning Roundup (3/21/2022)– CFPB Targets Unfair Discrimination, Existing-Home Sales

Good Morning! Today is Monday, March 21. Wheat, corn, and barley are trapped in Russia and Ukraine, threatening a global food shortage. The Senate begins hearings today for Ketanji Brown Jackson, Biden’s Supreme Court nominee. A China Eastern Airlines flight carrying more than 130 people crashed in southern China.

The Mortgage Note Reports

Unfair Discrimination In Consumer Finance Targeted: The Consumer Financial Protection Bureau is targeting discrimination.

Existing-Home Sales: Existing-home sales were down 7.2% from January to February and 2.4% from one year ago, NAR reported.

Deephaven COO: Lisa Heitzmann has been appointed Chief Operating Officer at non-QM lender Deephaven Mortgage.

And in other mortgage and housing news.

Hispanic Homeownership: Last year was the best for Hispanic homeownership in the U.S. since 2008 by percent, but Hispanics are 81% more likely to be denied mortgages than their non-Latino counterparts.

“Recovery Is Not Complete”:What do rising foreclosures say about the market?

Flip Tax Opposition: Three organizations have called an “emergency meeting” to discuss opposition to the California Housing Speculation Act.

“Forging Ahead”: Rising mortgage rates are already pricing out first-time homebuyers, but it’s not enough to extinguish the U.S. real estate frenzy.

Public Appeal:A New York landlord hung a giant sign shaming their tenants for not paying rent while waiting for their eviction hearing.

Not Just Cities: Home prices are soaring in the parts of the country where owners previously struggled to sell for any amount.“For decades, we couldn’t give ’em away,” said one local.

Take A Look:This Boulder, UT vacation rental is built into a cave.