Morning Roundup (4/19/2022)– Retirees Affected By High Housing Costs, CHLA Letter

Good Morning! Today is Tuesday, April 19. A federal judge struck down the mask mandate on public transit, although the ruling may not be final. Florida rejected more than 40 math textbooks that contained social and emotional concepts. The F.D.A. is investigating reports that thousands of people became ill after eating Lucky Charms.

The Mortgage Note Reports

Retirees Affected By Inflation, High Housing Costs: Scott Kimbler reports that every facet of the economy is affected and that has put many people in the position of having to rethink their retirement plans.

CHLA Letter: CHLA sent a letter to the FHFA asking it to amend its proposed updated seller and servicer standards, citing the risk of “significant negative real-world consequences to consumers.”

Zabusky Joins Houwzer: Former GrubHub President Jonathan Zabusky is joining real estate brokerage Houwzer’s board as Executive Chairman.

And in other mortgage and housing news…

NAHB Index: Rising interest rates, home price appreciation, and construction costs continue to take a toll on builder confidence and housing affordability.

Quarterly Forecast: Freddie Mac predicts that the single-family purchase market will remain solid in 2022 despite increases in mortgage rates in its quarterly forecast.

BOA Earnings: Bank of America reported its mortgage originations were up 7% YOY, making it an exception in a moment of declines for other lenders.

Innovation Discussion: UWM SVP and CDO Justin Glass talks about succeeding with digital innovation and platforms. “The shift away from traditional processes needs more than just technological advancements; it also necessitates a mindset shift among industry leaders,” he says.

75 Points: St. Louis Fed President James Bullard said that the Fed “has a good plan in place” to tame inflation, and added that he wouldn’t “rule out” a 75 basis-point increase.

Dallas Accused: HUD is investigating an allegation that Dallas’s policies steer low-income housing into Black and Latino neighborhoods in violation of federal law.

Talking Affordable Housing: Everything you ever wanted to know about affordable housing but were too afraid to ask.