Mortgage Roundup (1/28/21) – Brokers, HOAs & Freddie

Good morning! Today is Thursday, January 28. Internet-fueled amateurs are gathering on platforms like Reddit, Discord, Facebook and Twitter to create a Wall Street power shift and it’s working. The Department of Homeland Security warned that violent domestic extremists could attack in the coming weeks, emboldened by the Jan. 6 riot at the U.S. Capitol. Apple is urging iPhone and iPad users to update their devices to fix security flaws that might have been “actively exploited” by hackers.

And in mortgage and housing news …

ROCKET DIRECTORY: Rocket Mortgage announced a new national broker directory on its website – allowing homebuyers and homeowners seeking to refinance to find local independent mortgage brokers to guide them through the process.

MORTGAGE APPS: Mortgage applications tumbled 4.1 percent for the week ending January 22 in the Mortgage Bankers Association’s weekly survey.

HOA RESERVES: How to determine if your homeowners association’s reserves are too high. 

HOUSING RELIEF: Here’s what renters, homeowners need to know about COVID-19 housing relief.

RENTAL ASSISTANCE: Understanding emergency rental assistance for tenants and landlords. 

INVESTORS: Six mortgage statistics investors should consider in 2021.  

CLIMATE DISASTER RISKS: The Federal Housing Administration is looking into climate and disaster risks to the housing finance system. 

FREDDIE MAC MULTIFAMILY: Freddie Mac’s multifamily business set a new record for loan purchase and guarantee volume in 2020, providing support in a volatile, COVID-19 market.

MULTIFAMILY OUTLOOK: Fannie Mae delivered a sober assessment of multifamily investments, with renters struggling to make payments and supply increasing.