Morning Roundup (3/7/2022)– America’s Most Expensive Home, Fannie Mae HPSI

Good Morning! Today is Monday, March 7. Ukrainian resistance stalled Russian forces this weekend, driving them from the port city of Mykolaiv. This morning, Russia launched an artillery barrage there. Tornadoes in Iowa killed seven people and destroyed dozens of homes.

The Mortgage Note Reports

America’s Most Expensive Home Sets Record At Auction, New Owner Revealed: A Bel Air megamansion that was listed on the market for $295 million has been purchased at auction by the 40-year-old CEO of Fashion Nova.

Fannie HPSI: Fannie Mae’s Home Purchase Sentiment Index rose this month despite consumers’ surly attitudes toward home prices and rising interest rates.

loanDepot Promotion: Min Kim has been promoted to EVP, Marketing and Analytics at loanDepot.

And in other mortgage and housing news…

Aiding Ukraine Through Airbnb: People looking to help Ukrainians from afar have been booking empty Airbnb rentals in Ukraine’s hardest-hit areas.

Justice Loans: Former U.S. Comptroller Gene Ludwig and NACA CEO Bruce Marks announced a lending program for minority-owned businesses, Economic Justice Loans.

“HAUS”: Armada ETF Advisors has launched the Home Appreciation U.S. REIT ETF as the first active, pure-play U.S. residential real estate exchange-traded fund.

Homeowner Assistance: Homeowners in Texas and Florida can now receive federal mortgage relief from the Homeowners Assistance Fund.

Problems Resettling: Afghans resettling in the US are struggling to find affordable housing. One family spent four months looking for a home.

Addressing Housing: One idea to solve America’s housing crisis? Tax the land.