Good Morning! Today is Friday, March 31. Donald Trump has been indicted by a New York grand jury for his role in paying hush money to adult film actress Stormy Daniels. District Attorney Alvin Bragg’s office said it has contacted Trump’s attorney “to coordinate his surrender” for arraignment. Wimbledon has dropped its ban on Russian tennis players. A jury sided with actress Gwyneth Paltrow in a 2016 ski crash civil trial.
The Mortgage Note Reports
Rates Sink Again: The average mortgage rate ticked down again this week, falling from 6.42% to 6.32%, but waning banking sector concerns have made them volatile.
Endpoint Promotion: Digital title and settlement company Endpoint promoted Shawna Hernandez to COO, a newly created position.
No-Poach Penalty: Officials in New York say leaders at a top provider of title insurance for the real estate and mortgage industries will terminate “no-poach” agreements, pay the state $3.5 million, and cooperate with ongoing investigations in the industry.
ICYMI: This week our team covered the future of malls, a new complaint in a class action suit against UWM, and what the SECURE Notarization Act will mean for title companies and customers.
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.
What are you seeing this spring homebuying season? We want to know. Email us at [email protected].
In other mortgage and housing news…
New Rule: The CFPB has finalized a rule requiring lenders to report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit.
AI CRM: Big Purple Dot has integrated ChatGPT into its CRM ecosystem, to help its mortgage and real estate clients streamline their sales processes.
Necessary Increase: Seattle’s mayor proposed tripling the city’s property tax levy for affordable housing as costs, and the affordability crisis, have grown.
Recession Fears: A new survey found that most Americans are confident in managing their money but not confident they could weather an economic downturn or recession.
Team Up: Document analysis company Paradatec Inc. integrated with mortgage LOS Path Software so lenders can access document automation within the system.
April Fowls: Owning.com is offering chicken coop mortgages for backyard farmers, including a Jumbo Eggstravaganza loan and a ConvHENtional Comfort Layer Loan.