Morning Roundup (4/13/2022)– Delinquencies Drop To Lowest Rate Since 1999

Good Morning! Today is Wednesday, April 13. New York Lt. Gov. Brian Benjamin was indicted on public corruption charges stemming from an alleged bribery scheme. Police named a “person of interest” related to the attack on a subway train in Brooklyn that left at least 23 people injured.

The Mortgage Note Reports


New Delinquency Low: Delinquencies dropped again in January to their lowest rate since at least January 1999 thanks to home price appreciation and the strong jobs market.


Open Mortgage CCO: Open Mortgage has appointed Andrea Easter to be its first Chief Compliance Officer.

And in other mortgage and housing news…

PPI Report: The producer price index rose 1.4% in March and 11.2% from a year ago, both records for data going back to 2010.


TransUnion Sued: The CFPB filed a lawsuit against TransUnion alleging it used deceptive marketing practices to “dupe” Americans into subscription plans.


Top Obstacles: Affordability is the top obstacle holding back potential home buyers of all races, but other obstacles to homeownership varied by race/ethnicity, NAR reported.


HUD Sale: HUD will conduct a competitive bid HUD-held vacant note sale exclusively for mission-driven non-profit organizations and units of state and local government.


White House Action: The FHA has eliminated medical debt from consideration when evaluating a borrower’s creditworthiness, the Biden administration announced.


Consumer Perspectives: Fannie Mae reported an increase in consumer perception that affordable housing become more difficult to find and housing in general has become less affordable.


Amazon Housing: Just 6% of the D.C. units secured under Amazon’s Housing Equity Fund have been set aside for those who make 50% or less of the area’s median income.