Good Morning! Today is Tuesday, May 31. Canada is planning to ban handgun sales and the possession of assault weapons. The EU will ban most Russian oil imports by the end of the year. Shrapnel killed a 32-year-old French journalist in eastern Ukraine.
The Mortgage Note Reports
Women In Lending: Kicking off our Women In Lending series, editor Kimberley Haas sat down with three female leaders at Amrock who are encouraging other women to ignore the noise and believe in themselves as they climb the corporate ladder.
Delinquencies Low: Commercial and multifamily delinquencies fell in Q1 2022, remaining low while these property types continue to sizzle on the market.
And in other mortgage and housing news…
Home Prices: FirstAm’s RHPI rose 32.5% YOY in March, the fastest growth in the more than 30-year history of the series, though the market is “slowing by design.”
Ishbia’s Broncos?: Mat Ishbia recently met with those involved with the sale of the Denver Broncos, apparently in a bid to buy the team.
Waiver Abuse: Wells Fargo fired members of its mortgage staff for misconduct relating to abusing appraisal waivers.
A New Era For ARMS: ARM demand is up, but these loans bear little resemblance to the ones blamed for fueling the 2008-09 financial crisis.
Credit Catastrophe: Equifax is telling lenders that a coding issue may have resulted in the miscalculation of certain credit attributes for about 12% of credit scores.
Smart Investing: Caleb Richter offers his tips for making smart real estate investments in times of turmoil.
Across The Pond: The UK mortgage market is also taking a hit as the cost of borrowing increases, with lending slowing to its lowest point in 2 years.