Morning Roundup (4/11/2023) — First-Timers Feeling Optimistic

Good Morning! Today is Tuesday, April 11. Nashville lawmakers reinstated Justin Jones, one of two Black Democrats expelled by a Republican supermajority last week. Italy has rescued more than 2,000 migrants from rough seas since Friday. A gunman killed five of his co-workers at a bank in Louisville, KY.

The Mortgage Note Reports

Policy Memoir: A new book by Mark Calabria provides insider insight into how millions of Americans were provided mortgage and rental assistance in response to the COVID-19 pandemic. Writer Patrick Lavery has the story.

First-Timers Feeling Optimistic: First-time homebuyers are feeling ready to face the market, despite facing high prices, rates, and competition.

NAF Change-Up: NAF rebranded its cash offer program Buyer Accepted to NAF Cash.

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…

Full-Scale Crisis: Richmond, Virginia’s city council declared a housing crisis, saying scarcity is affecting “health, education, and our criminal justice system.”

May’s Outlook: Traders raised the odds of another quarter-point rate increase by the Federal Reserve in May in the wake of strong employment data released Friday.

A Different Kind Of Crisis: Mortgage lenders in the private sector have all but ceased taking on risk in the wake of 2008, creating a new set of challenges.

IMF v. Summers: The International Monetary Fund pushed back against Larry Summers’ prediction that rates will stay elevated even after inflation is busted.


Company News: Wells Fargo announced that Rachel Goldin Jinich will lead SREF within its CRE group; Black Knight released a new mobile app for Optimal Blue PPE; and Cenlar made new high-level appointments.

Tax Savings: Here are some of the best money-saving tax deductions, exemptions, and write-offs home sellers should be taking advantage of.