Morning Roundup (7/24/2023) — Senate Passes Tribal Homeownership Act

Good Morning! Today is Monday, July 24. Elon Musk said he would replace Twitter’s bird logo with an X. Israeli lawmakers passed part of a plan to weaken its court system. “Barbie” and “Oppenheimer” outperformed sales expectations this weekend as moviegoers headed to theaters.

The Mortgage Note Reports

Digital Closing News: Snapdocs eClose and Notary Scheduling have teamed up, accelerating closing speed by at least 1.5 days through this “first-of-its-kind integration.”

One-On-One: Todd Maki at Snapdocs recently sat down with editor Kimberley Haas to talk about their product and the role artificial intelligence plays in the process.

Tribal Homeownership Act: The U.S. Senate has unanimously passed a bill designed to speed up and simplify the mortgage process for applications on tribal lands.

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…

Flooding Into Flood Zones: Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022 – a 103% increase from the prior two years.

Feeling The Impact: A former baseball player living in Florida says his mortgage went up $1,000 a month after his house was placed in a flood zone three miles from the ocean.

Zero Dollar Offer: Bright MLS will allow users to put in a blanket offer for buyer brokers that includes listings for $0 in compensation, breaking with NAR.

Future Of Banking: UWM CEO Mat Ishbia talked about regional banking turmoil and its mortgage impact on “Closing Bell Overtime.”

Help Is Out There: The number of available homebuyer assistance programs rose in Q2, including growth in programs that expand inventory options.

Dating The House: The housing crisis may be impacting the way we date, with prospective partners who have great housing seeming extra enticing.