Morning Roundup (3/23/2022)– Digital Real Estate, Applications, IMB Profits Down

Good Morning! Today is Wednesday, March 23. Russia extended a law banning criticism of the government, and a court sentenced the opposition leader Aleksei Navalny to nine more years in prison. At least one person died last night after a tornado in the New Orleans area damaged homes and knocked out power.

The Mortgage Note Reports

Digital Real Estate: What Is It And Who Is Interested? Millions of dollars are being spent on digital real estate as investors take their money to the land of the Metaverse and Tyrone Townsend is taking a look at this new virtual opportunity.

Applications Down: Mortgage loan application volume plummeted by another 8.1% last week as interest rates rise.

IMB Profits Down:IMBs and mortgage subsidiaries of chartered banks reported a net gain of $1,099 on each loan in Q4 2021, down from $2,594 per loan Q3.

And in other mortgage and housing news…

2021 Origination Leaders: MBA released its 2021 rankings for Commercial and Multifamily firms’ origination volumes.

Fannie CIRTs: Fannie Mae announced today that it has executed its second and third Credit Insurance Risk Transfers of 2022 on $50 billion of single-family loans.

Enter The Blockchain: Fannie Mae’s ESR Group asked mortgage executives for their opinions on blockchain technology and its potential impact on the housing industry.

Speaking Out: Ninety-one city councils across Minnesota spoke out against a bipartisan bill that would increase housing density across the state.

Renters Struggling: Even before the pandemic, more than 19 million working-age renter households struggled to meet their expenses, a problem that has worsened since.

Bracing For Impact: London’s housing and climate crises are on a collision course.

Rocket Tiger Teamup: Rocket Mortgage has partnered with the Detroit Tigers as the official mortgage sponsor of the team and presenting sponsor of opening day.

Popular Home Features:’s most popular homes are spacious and outdoor-centric, with pools and natural views.

Ultraluxury Over 80:Developers are betting that demand will soar for ultraluxury senior-housing projects with rents that can exceed $25,000 a month.