Good Morning! Today is Wednesday, July 6. Police charged Robert Crimo, a 21-year-old resident of Highland Park, IL, with murder in the Fourth of July parade shooting. The Justice Department sued Arizona over a law requiring proof of citizenship to vote in a presidential election. The euro neared a 20-year low against the dollar after natural gas and electricity prices surged.
The Mortgage Note Reports
CashPass: Guild Mortgage has launched a national program that can help potential homebuyers compete with all-cash offers. Editor Kimberley Haas reports.
Loan Apps Down: Mortgage loan application volume fell by 5.4% last week while rates fell for another week, driven down by recession worries.
New Waterstone Location: Waterstone Mortgage announced the opening of a new branch in Franklin, Tennessee, led by David Gatheridge.
And in other mortgage and housing news…
Gains Continue: Home price growth fell YOY from April but still posted a 20.2% increase in May, the 124th consecutive month of gains, CoreLogic reported.
Housing Crystal Ball: Inventory is rising fast, spiking across the country since March, and watching it offers a good indicator of what’s next for the housing market.
Second Home Risk: In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period, according to a new analysis from Redfin.
Landsea Financing: Landsea Homes, a residential homebuilder, launched Landsea Mortgage, powered by NFM Lending.
“No Escaping That Fact”: Michael J. Polk argues that the old rules are out the window in real estate as a changing world forces us to reckon with our concept of value.
iLAD Update: MISMO is seeking public comment on upgrading the Industry Loan Application Dataset, an industry standard for exchanging loan application information.
Mid-Year Outlook: ATTOM’s Mid-Year Housing Market Outlook webinar
offers an in-depth analysis of current housing market conditions and the economy.