Morning Roundup (7/11/2024) — eNote Adoption

Good Morning! Today is Thursday, July 11. NATO accused China of supplying Russia with technology for its attacks on Ukraine. A group of Senators proposed a bill that would prevent lawmakers and their families from buying and selling stocks. Representative Alexandria Ocasio-Cortez introduced articles of impeachment against Justices Clarence Thomas and Samuel Alito.

The Mortgage Note Reports

eNote Adoption: As the mortgage industry undergoes a digital transformation, warehouse lenders are using technology to manage eNote transactions. Editor Kimberley Haas has the story.

Servicing Rules: The Consumer Financial Protection Bureau proposed new rules requiring servicers to help struggling homeowners before foreclosing.

Make A Change: High rates and prices are preventing many Americans from buying a new home, but current homeowners are optimistic about making a move in the next year.

In other mortgage and housing news…

Foreclosure Improvements: Foreclosure activity was down in the first six months of 2024, possibly suggesting some stabilization in the housing market.

Record Streak: Home sales prices hit a record high for a ninth straight week, but there are signs that average price growth could slow soon.

CPI: Inflation fell 0.1% in June from the prior month, helping the case for lower rates.

Breaking Language Barriers: Talk’uments integrated with nCino to provide multi-language resources for nCino’s end-to-end digital mortgage solution, Mortgage Suite.

Company News: Carrington Mortgage Services introduced Section 184 Loans for Native Americans; Point Mortgage expanded into Wisconsin; Homebot teamed up with Newzip to offer a cash reward program to homebuyers.

Beryl’s Cost: Hurricane Beryl is expected to cost insurers between $750 million and $1.2 billion, though Morningstar DBRS is calling those numbers “manageable.”