Good Morning! Today is Monday, August 8. The Senate passed the Democrats’ climate and tax bill with a 50/50 split vote. Kamala Harris broke the tie, and the House is expected to pass it this week. Israel and Palestinian militants in Gaza agreed to a cease-fire, ending three days of fighting.
The Mortgage Note Reports
Price Growth Breakdown: Home price appreciation is leveling out on a national level, but zooming in by price point and region reveals a more complex picture.
Santander x Rocket: Santander chose Rocket Mortgage as its preferred mortgage provider, and its 2 million clients will receive home loan discounts from the company.
And in other mortgage and housing news…
Weed And Real Estate: TRD breaks down the obstacles and opportunities emerging for real estate professionals in the budding marijuana industry.
Watch For A “Shakeout”: Santander left the mortgage business in February; now its U.S. CEO says other firms will be forced to exit the industry as refinance activity dries up.
Work-From-Home: Marcus and Millichap CEO Hessam Nadji called hybrid work a “much bigger concern” for commercial real estate than either inflation or a recession.
Blockchain’s Potential: A Deloitte study suggests that blockchain technology could take over 50% of the entire leasing and sale process across commercial real estate.
FormFree, HomeScout: FormFree has partnered with HomeScout to launch a tool that delivers lenders consumer-permissioned data earlier in the homebuying process.
Early Demand: Early-stage measures of homebuyer activity such as online searches, requests for tours, and mortgage applications rose as rates fell below 5%.
Ginnie Mae Requirements: Ginnie Mae amended its capital requirements for federally insured credit unions and state housing finance agencies.
Working Towards Change: Three challenges facing the affordable housing market, and how industry leaders can start addressing them.