Good Morning! Today is Wednesday, April 26. Anheuser-Busch put two executives on leave after the fallout from a transgender influencer’s promotion for Bud Light. Chief Justice John Roberts declined to testify before Congress about ethics concerns on the Supreme Court. Singer Harry Belafonte died at 96.
The Mortgage Note Reports
Concerns Discussed: Attendees at the Mortgage Bankers Association’s National Advocacy Conference shared concerns about housing affordability, trigger leads, and changes to the loan-level price adjustment matrix. Editor Kimberley Haas has the story.
Applications Increase: Mortgage applications rose last week, up 3.7%, despite rates jumping to their highest point in more than a month.
McKray At MMI: Brian McKray has joined Mobility Market Intelligence as director of product development.
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…
Inflation’s Consequences: Consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk of a recession.
Bank Uncertainty Continues: First Republic Bank saw deposits fall by 40% in Q1, worse than Wall Street analysts feared, but they have since stabilized.
HUD Announcement: HUD says it will establish new rules and guidelines intended to remove unnecessary housing barriers for people with criminal records.
Focus On Easing Costs: Nearly 45% of conventional primary home borrowers opted to purchase mortgage points in 2022 as a way to reduce their monthly payments.
Wholesale Product: The Loan Store has launched a “Buy Before You Sell” product designed for wholesale loan originators now that it owns Home Point’s wholesale channel.
Emerging Markets: Lafayette, IN, was named the #1 up-and-coming real estate market this spring, topping a list of smaller cities with cheap homes and low costs of living.