Morning Roundup (4/9/25) – 55+ Communities

ByTMN Editor Reading Time: 2 minutes
Good Morning! Today is Wednesday, April 9. The latest tariffs, including a 104% levy on Chinese imports, are now in effect. The IRS’s acting commissioner is resigning over a deal to send immigrants’ tax data to ICE. President Trump floated the idea of deporting U.S. citizens who commit serious crimes.

The Mortgage Note Reports

55 And Over: People interested in active adult communities are gravitating toward areas where they can enjoy pools and pickleball courts as they enter semi-retirement. Writer Erin Flynn Jay has the story.

Apps Sizzle: Mortgage demand turned around last week, reversing a slew of declines with an explosion of activity as economic confusion temporarily lowered rates.

CV + AN: Appraisal management company Class Valuation acquired Appraisal Nation and is expanding its private lending capabilities.
Quote Of The Day

“Mortgage applications increased by 20% to their highest level since September 2024, driven by purchase and refinance applications picking up in a volatile week where economic uncertainty caused rates to drop across the board.”

Joel Kan, MBA Vice President and Deputy Chief Economist. 
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In other mortgage and housing news…

Disaster Relief: The FHA extended existing foreclosure moratoriums in areas affected by Hurricanes Helene and Milton.
More Options: Mortgage credit availability increased to its highest level since January 2023, driven by growth in cash-out refinance programs.

Shocking Allegation: First American CEO Kenneth DeGiorgio was charged with assault for allegedly choking a man on a cruise ship after he made his wife uncomfortable by dancing with bare feet.

Company News: Empower Mortgage named Rogelio Goertzen its Chief Growth Officer; Truework appointed Randy Lightbody as Head of Mortgage. 

BOA Information: Bank of America will report its Q1 2025 financial results on April 15. The results will be released at 6:45 a.m. ET, followed by an investor call at 8:30 a.m. ET.

Best And Worst: Some of the nation’s strongest buyers markets are in the Southeast, while demand and inventory shortages are keeping sellers on top in the Northeast.