Good Morning! Today is Wednesday, July 5. The Secret Service is investigating cocaine found at the White House. Five people were killed when a shooter opened fire on a Philadelphia neighborhood, and another three in a shooting in Fort Worth, TX. The U.S. and Russia are discussing a prisoner exchange, likely for reporter Evan Gershkovich.
The Mortgage Note Reports
Hometap Appt: Fintech Hometap made two exec-level appointments geared towards leveraging capital markets, bringing on Cara Newman and Josh Gaffney.
Safest Data: NewDay USA announced it is protecting veterans from data breaches by investing in the highest level of information security, an ISO 27001 certification.
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…
In Sellers’ Favor: In Rochester, NY, and these nine other U.S. markets, sellers are coming out on top despite rising rates and dwindling buyer demand.
Affordability Down: Affordability fell further in May, with the national median payment applied for by purchase applicants rising 2.5% to $2,165 from $2,112 in April.
“What Do We Do?”: After State Farm and Allstate stopped selling home insurance in CA, some options are still available to homeowners, including fire risk mitigation.
Future Plans: A quarter of homeowners expect to buy new homes over the next two to five years, according to a new survey. What’s motivating them?
Company News: Guaranteed Rate acquired Premia Relocation Mortgage.