Morning Roundup (5/4/2022)– Building Wealth By Maintaining Your Home

Good Morning! Today is Wednesday, May 4. J.D. Vance won the Ohio Senate Republican primary. The Supreme Court said the leaked draft striking down Roe v. Wade was authentic but not final. The EU proposed a total ban on Russian oil.

The Mortgage Note Reports

Maintain Your Home, Build Wealth: An app that helps homeowners maintain their property inside and out has been developed by Consumer Reports and leaders there say this could potentially increase value during the sale process. Editor Kimberley Haas reports.

Home Price Growth: More metro areas saw double-digit YOY increases in their median single-family existing-home sales price in Q1 2022 than in Q4 2021.

Migration Trends: More home shoppers are searching for houses outside their current metros in Q1 2022 as remote work continues to soar.

And in other mortgage and housing news…

Language Info: The FHFA will require lenders to use a Supplemental Consumer Information Form to collect info on borrowers’ language preferences.

Affordable Housing Pitfalls: Pittsburgh has adopted an affordable housing rule that some argue will actually lead to less affordable housing.

First-Time Homebuyers: CA state officials have launched a new program letting first-time homebuyers borrow a down payment at a 0% interest rate.

Airbnb Go Remotes: Airbnb told its employees that they would have the option to permanently work remotely.

Mortgage Insights: Mark Paoletti released his Mortgage Economic Review – a summary and review of key economic data – for May 2022.

FirstAm x Mother Lode: First Amerian acquired Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services.

Freddie Appointment: Freddie Mac appointed company veteran Kevin Palmer to head its multifamily business, effective May 9, 2022.