Good morning! Today is Thursday, February 25. The Food and Drug Administration said Johnson & Johnson’s Covid-19 vaccine works safely, paving the way for the approval of a third vaccine in the U.S. as early as this weekend. New York City is set to reopen public middle schools for in-person learning today for the first time since November. A new more infectious Covid variant in California makes up more than half of the infections in 44 counties.
And in mortgage and housing news …
MORTGAGE APPS: The Texas snow storm deflated mortgage application numbers.
LUXURY RENTALS: Landlords continue to see prices rise for luxury single-family rentals as the pandemic-fueled recession impacts socioeconomic groups unevenly.
MARKET WORRIES: Two big reasons investors are worried about the housing market.
QM RULE: The Consumer Finance Protection Bureau has moved to delay full implementation of the Qualified Mortgage rule completed under the Trump administration.
GREEN BOND MARKET: After issuing $87.5 billion in mortgage-backed securities in the green bond market with its multifamily residential financing products, Fannie Mae has expanded into multifamily social MBS and single-family residential green MBS.
CREDIT REPORTS: Here’s how student loans show up on your credit report and impact your credit score.
REFINANCE SHOPPING: How to choose between the six types of mortgage refinance programs.
STATE COMMISSIONS: A Consumer Federation of America report says state real estate commissions can do more to educate and provide information to consumers.
GEN-Z RENTERS: The most desirable locations for Gen Z renters – the second-largest and the fastest-growing segment of tenants.
JUMBO LOANS: Jumbo loans are making a comeback with many emerging as conforming loans.
ORIGINATOR VOLUME: Guaranteed Rate Affinity’s California market leader wants to grow originators’ volume to $300 million.