Morning Roundup (9/27/2023) — Applications Turn Tail

Good Morning! Today is Wednesday, September 27. The Senate passed a bipartisan bill that would keep the government open into November and aid Ukraine. Donald Trump will not attend the Republican debate tonight. Hunter Biden sued Rudy Giuliani, accusing him of illegally spreading personal data from a laptop left at a repair shop.

The Mortgage Note Reports

Applications Turn Tail: Mortgage applications fell last week by 1.3%, stepping back after a spike as rates reached 20-year highs.

Prism Launch: Lender Toolkit announced the launch of Prism, an AI-driven income calculator that integrates with Encompass.

In other mortgage and housing news…

New Resources: Fannie Mae announced new resources and programs to address the Latino homeownership gap, including HomeView en Español.

Company News: NewZip is partnering with SECU Maryland to enhance its mortgage offering; KeyBank and NAHREP are making homeownership more accessible.

Around The World: Zurich and Tokyo are the world’s most overvalued markets and are at risk of being bubbles, according to a new report from UBS.

Valuation Trouble: A judge ruled that Donald Trump fraudulently inflated the value of his properties by as much as $2.2 billion.

Check It Out: CrossCountry Mortgage CEO Ronald Leonhardt Jr. has sold his waterfront home in Fort Lauderdale, Fla., for $30 million.