Morning Roundup (4/5/2023) — Family Rights

Good Morning! Today is Wednesday, April 5. Donald Trump pleaded not guilty to 34 felony counts of falsifying records related to his payments to Stormy Daniels. This is the first time in history an ex-president has been charged with a crime. The F.D.A. plans to allow older and immunocompromised Americans another updated Covid shot.

The Mortgage Note Reports

Family Rights: A California apartment building owner who suggested a couple move into a bigger unit to accommodate their growing family is being charged with discrimination by U.S. Department of Housing and Urban Development officials. Editor Kimberley Haas has the story.

Apps Reverse Course: Mortgage applications reversed after a month of increases despite declining rates, a rocky start to the typically robust spring buying season.

CCM Assistance: CrossCountry Mortgage launched a cost-saving program for eligible first-time homebuyers in specific U.S. metros.

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…

“Paying The Price”: LGBTQ+ and BIPOC buyers spend more of their own income on housing costs than white and non-LGBTQ+ individuals.

Playing Nice: loanDepot has entered into an agreement with Anthony Hsieh in the wake of a proxy fight, temporarily expanding its board to nine directors.

Atlanta Prices: Atlanta is the nation’s most overvalued housing market, but Florida remains at the center of the U.S. real estate correction, new research shows.

Huge Losses Coming: Real estate may lose close to $1 trillion in value this year, but experts say prices will rebound by 2027, according to a new poll.


More On The Chopping Block: Citizens Bank laid off about 20 mortgage brokers in the firm’s home mortgage division in New York City last Thursday.