Morning Roundup (9/18/2023) — One-On-One With CV3

Good Morning! Today is Monday, September 18. Britain will outlaw the American bully XL dog breed after a series of fatal attacks. Iran and the US are to swap detainees after $6 billion was unfrozen. Hurricane Nigel is spinning over the Atlantic and is expected to become a Category 3 storm.


The Mortgage Note Reports

One-On-One: CV3 Financial Services, a private lender providing financing for fix-and-flip and rental properties, was recently launched and CEO William Tessar says they aim to be leaders in the business purpose loan industry. Editor Kimberley Haas sat down with him for a one-on-one interview.

All-In-One: Mortgage Machine Services launched Mortgage Machine, an end-to-end loan origination system designed to support the digital origination process.

Dark Matter: Black Knight Origination Technologies has rebranded to Dark Matter Technologies after being acquired by Perseus Operating Group.

In other mortgage and housing news…

Consumer Sentiment: Consumer sentiment fell in September for the second month in a row, but Americans also have hope that inflation will continue to slow.

Builders Blue: High mortgage rates are eroding builder confidence, as sentiment levels dropped below key break-even measures for the first time in five months.

Across The Board: Home prices and high interest rates are the main barriers to entry for potential buyers across all races and ethnicities, NAR reports.

Generational Problem: Politicians have been pledging to address a shortage of housing in Hawaii for decades, but none of their solutions ever really stuck.

Company News: Cross Country Mortgage launched a new Spanish loan application; Fidelity National Financial named Joe Grealish president of national agency operations.