Good Morning! Today is Tuesday, June 20. We hope everyone had a reflective and inspiring Juneteenth. A submersible headed for the sunken Titanic has been missing since Sunday. The Coast Guard is rushing to save those inside. Trump told Fox News the secret document he described in a recording was just news clippings.
The Mortgage Note Reports
Back To The Office: Companies are requiring their employees to be back at the office for most of the week, should this apply to mortgage professionals? It depends. Writer Chuck Green has the story.
Housing Starts: Data released this morning shows that privately-owned housing starts were up last month, exceeding expectations.
Lenders Fighting Unaffordability: Amsterdam-based Anyone.com is looking for U.S. lenders to join it in offering a 50/50 ownership model to combat the affordability crisis.
Smith At Truist: David Smith has been named head of Truist Mortgage.
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.
In other mortgage and housing news…
Focus On The Gap: Renewing focus on ending the racial homeownership gap is the best way to commemorate Juneteenth this year, Katy Knight and Derwin Sisnett argue.
FirstFed Buys BNC: First Federal Bank acquired BNC National Bank’s mortgage division, including all assets and employees.
Going “Naked”: In extreme-weather states where big-name insurance companies are pulling out, homeowners are forgoing pricey insurance.
Bad News For CC: A former Cross Country employee is suing the company, saying her manager sexually harassed her and retaliated when she lodged complaints.
Mortgage Recasting: Everything borrowers need to know about mortgage recasting, a way to save without closing costs and rate shopping.
Company News: David C. Schneider is Cenlar’s new EVP and CFO; Andy Pettola has joined NAF as EVP, National Sales; fintech Figure launched a wholesale lending platform for HELOCs; ATTOM unveiled a neighborhood data product.