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.