Good Morning! Today is Thursday, April 20. A stampede for food aid in Yemen killed at least 78 people. Two Texas cheerleaders were shot after one tried to get into the wrong car after practice. The F.D.A. authorized another round of Covid vaccine boosters for people 65 and older.
The Mortgage Note Reports
“Competition Is Fierce”: First-time buyers are still living in last year’s housing market thanks to limited affordable inventory, leading to tight competition and soaring prices.
New Guild District: Guild Mortgage continues its expansion, announcing a new district in California made up of eight branches.
Hitting The Hill: Members of the Mortgage Bankers Association gathered this week in Washington DC, where they met with lawmakers after hearing from industry experts.
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…
Home Point Cuts: Home Point Capital is laying off most of its Michigan employees following its decision to sell its wholesale origination business to The Loan Store.
FHFA Comments: The FHFA is seeking comment on a proposed rule that would formalize practices regarding fair housing and lending oversight of its regulated entities.
Hike “Warranted”: A top Fed official said the central bank had more work ahead to bring down inflation, suggesting another rate hike is likely at the next FOMC meeting.
Ownership Impossible: More than half of Gen Z and Millennials believe they would need to win the lottery in order to afford a home.
“Confusing Approach”: Is the new Biden administration rule revamping mortgage fees helpful or harmful? Experts weigh in.
Debts Piling Up: How does student debt impact your ability to get a mortgage?