Morning Roundup (3/3/2022)– Loan Factory’s Nguyen Says UWM Ultimatum ‘Has Divided Our Community’

Good Morning! Today is Thursday, March 3. Russia has continued to attack major cities in Ukraine, creating a humanitarian crisis. The Jan. 6 committee said there was evidence to conclude that Donald Trump may have committed crimes to try to stay in office. Fitbit is recalling its Ionic smartwatch after reports of overheating batteries.

The Mortgage Note Reports

Loan Factory’s Nguyen Says UWM Ultimatum ‘Has Divided Our Community’: In a one-on-one interview with The Mortgage Note, Nguyen explains why he chose to stop doing business with Mat Ishbia’s company rather than agree to it’s ‘All In’ ultimatum.

Weak App Activity: Mortgage loan application volume fell 0.7% last week, faring slightly better than the prior week’s 13.1% drop but continuing a trend down.

Homeowner Tenure: The average homeowner now lives 13.2 years in their house as more Americans age in place or struggle to find a new home.

And in other mortgage and housing news…

Fed Money Moves: The central bank will lift interest rates at its meeting this month as it tries to cool down high inflation despite uncertainty surrounding the conflict in Ukraine.

TD Home Access: TD Bank announced TD Home Access Mortgage, a new product designed to increase homeownership opportunities in Black and Hispanic communities.

Location, Location: Remote work is changing the game when it comes to housing affordability for first-time homebuyers.

CoreLogic Appointment:CoreLogic has named Garret Gray to lead the Company’s Protect Business Unit.

February Inventory: The national inventory of active listings fell by 24.5% last year, while the total inventory of unsold homes, including pending listings, fell by 15.3%.

“Not So Simple”: To understand the complex relationship between mortgage rates and home prices, turn to static equilibrium analysis, Black Knight says.

Addressing Racial Bias: Congresswoman Maxine Waters wants a bill to address discrimination in appraising home values, a decades-long problem that is starting to get broad recognition. 

Take A Look: WalletHub breaks down which states have the highest property tax load.