Morning Roundup (7/25/2024) — Kamala’s Housing Views

Good Morning! Today is Thursday, July 25. Roughly half of congressional Democrats and Kamala Harris did not attend Benjamin Netanyahu’s speech yesterday. Nashville reopened cases on three unsolved bombings during the Civil Rights era. The U.S. economy grew 2.8% in the first half of the year.

The Mortgage Note Reports

New Candidate, New Policy?: What would a Harris presidency look like for housing? Probably much like Biden’s.

New Verification Product: Equifax rolled out All Employers Within 90 Days, a tighter version of its 12- and 24-month offerings.

In other mortgage and housing news…

“Summer City”: Fort Wayne, IN, offers an affordable housing market, robust economy, and plenty of amenities– that’s why it’s this year’s top summer housing market.

Step Back: Attorneys general from 14 states urged the FHFA to back off a program that would remove title insurance requirements from some loans sold to Fannie Mae.

Q2 Results: PennyMac tripled its income in the second quarter and stands ready for increased refinance volume should interest rates come down.

Stand Against Bailouts: Four regulatory experts argue a Treasury Department proposal for mortgage servicer protection “would further entrench the cycle of private gains and public bailouts.”

Company News: Flagstar sold its mortgage servicing arm to Mr. Cooper for $1.4B.

Famously Low Rate: Kamala Harris has one thing many American homeowners crave: a sub-3% mortgage rate on her Los Angeles home.