Good Morning! Today is Wednesday, March 8. Two of four Americans kidnapped crossing the border to Mexico on Friday were found dead, and two others have been returned to the U.S. Five women are suing Texas, claiming they were denied ‘life-saving care’ due to abortion laws. Biden will propose tax increases for corporations and high earners to reduce deficits over the next decade.
The Mortgage Note Reports
Growing Enterprises: As sellers become savvier about return on investment opportunities before putting their house on the market, the presale home renovation company Revive is expanding nationally. Editor Kimberley Haas has the story.
Same Day: Just a few weeks after Better.com announced its One Day Mortgage product, Guaranteed Rate is trying to speed things up further with Same Day Mortgage.
DeHart At Cenlar: Cenlar FSB has appointed Michelle DeHart as VP of Loan Operations, Escrow.
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.
In other mortgage and housing news…
More Rate Hikes: Traders and some analysts are saying it is likely that the Fed will implement a half-point hike later this month after Chair Jerome Powell’s testimony on Tuesday.
“Fleeting Chance”: Last year’s buyers are hoping to refinance before rates go any higher– but they may have already missed their chance.
Foreclosures Rising: Foreclosures in the U.S. fell last month but are continuing to increase year-over-year, with completions up 45% from last February.
Merger Shakeup: Facing backlash from regulators, ICE and Black Knight agreed to revised merger terms and will sell Black Knight’s LOS business to Constellation Software.
Mansions In Dubai: International sanctions have forced wealthy Russian oligarchs out of favored Western cities like London. Here’s where they’re buying homes now.
Hotel-Branded Homes: Wealthy buyers undeterred by rising rates and affordability are buying high-end residences affiliated with luxury hotels.
Reframing High Density: Social trends make high-density housing an unpopular idea, but the alternative is worse, as evidenced by Hawaii’s housing problem…
YIMBY All The Way: …but the Mountain West is seeing a surge in YIMBYism, one with a distinct political flavor resulting from its roots on the right.