Morning Roundup (8/30/2023) — Applications Break Downward Streak

Good Morning! Today is Wednesday, August 30. More than 268,000 customers are without power and one death has been reported as Hurricane Idalia hits Florida. The land search for people missing after the Maui wildfires has ended. Ukrainian drones hit targets deep inside Russia in a wave of overnight strikes.


The Mortgage Note Reports

Good News: Mortgage applications rose for the first time in five weeks, helped along by a cool down in treasury yields. Rates remained flat.

Integro Mortgage Lending: Arizona-based Integro Bank launched a new mortgage lending division geared towards small business owners purchasing homes.

Closer Look: As officials work to address racial bias in home valuations, leaders at a public policy think tank in Washington, DC, are saying recent recommendations made by a federal task force miss the mark. Writer Scott Kimbler has the story.

In other mortgage and housing news…

Less Doom And Gloom: If you zoom out far enough, today’s housing market doesn’t look so bad, much like the “not too cold, not too hot” housing market of the ‘90s.

Better In Court: A new lawsuit claims Better Home & Finance missed $1.8 million in payments for ad placements late last year.

More NAR Struggles: Tracy Kasper stepped in as president of NAR just as an antitrust lawsuit has been revived by the U.S. Court of Appeals.

Company News: GPARENCY introduced three significant new enhancements to their acclaimed free underwriting calculator; Nations Lending opened a new branch in Minneapolis, Minnesota, led by industry vet Scott Miller.

Pennsylvania Playground: The most expensive home in Pennsylvania is a “resort-style” leisure property perfect for horse, pool, and wine lovers.