Morning Roundup (4/4/2023) — New Crypto Products

Good Morning! Today is Tuesday, April 4. Police officers and Secret Service agents will escort Donald Trump to a courthouse in Manhattan before his arraignment at 2:15 p.m. Finland will join NATO today. Residents of Paris voted to ban electric rental scooters.

The Mortgage Note Reports

Insurance On The Rise: Homeowners are in for more financial stress in 2023 as insurance rates are set to rise thanks to inflation and increased climate risk.

Crypto Products: Crypto lending platform Moon Mortgage launched a new mortgage for crypto investors and a crypto loan margin account, Trade & Borrow.

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…

Prices Up From January: Seasonally-adjusted prices saw the strongest MoM gain since May 2022 in February, Black Knight said…

But Down YOY: …but CoreLogic’s February Home Price Index was down 4.4% YOY, the lowest price growth since before the pandemic.

New Subservicer: Cornerstone has launched a subservicing business, bringing servicing completely in-house to better handle fluctuating volumes and staffing issues.

No Abusive Conduct: The CFPB issued a statement explaining the legal prohibition on abusive conduct in consumer financial markets in response to recent bank fragility.

“Liberals Have Lost Their Way”: Hawaii Sen. Brian Schatz helped pass Congress’s first YIMBY provision and wants his fellow Democrats to get on board.

A New Path Forward: Jersey City is reimagining public housing with mixed-income developments that add senior units, condos, and market-rate apartments.

World, Mapped: See how global home prices have changed since 2010.