Mortgage Roundup (3/18/21) – Brokers, Bosses & FHA

Good morning! Today is Thursday, March 18. The IRS plans to delay this year’s tax filing until mid-May. Dozens of homes are damaged and destroyed after powerful tornados in the South. Marvel reveals its first gay Captain America. 

And in mortgage and housing news …

BROKER WARS: The Mortgage Note asks: who won the Broker Wars on Day 1? Depends on who you ask. 

MORTGAGE APPS: The Mortgage Note reports that mortgage applications dip amid higher interest rates. 

INTERIM BOSS: Freddie Mac tapped Mark Grier to be interim CEO.

FHFA EXTENSION: The Federal Housing Finance Administration extended relaxed rules on employment verification and home appraisals.

SWITCHING LENDERS: The pros and cons of switching lenders when refinancing your mortgage. 

BUSINESS TRAVEL REBOUND: Pent-up vacation demand has boosted investor demand for beach resorts and roadside hotels. That crowded wager is already pushing one investor to explore ways to bet on business travel

RATE TRENDS: As mortgage rates keep surging, experts say borrowers shouldn’t delay.

GENERATE INDEPENDENCE: Power generators that restore heat and electricity are becoming a must-have for a growing number of homeowners and communities. 

MORTGAGE DENIED: Five reasons why your mortgage could be denied after preapproval.

TECH EVOLUTION: The ease-of-use of digital technology continues to bring convenience to more and more transactions, including homebuying. It’s a trend being driven by millennials