Mortgage Roundup (3/22/21) – Hatch, Realtors & Flipping

Good morning! Today is Monday, March 22. Covid-19 vaccine manufacturers are ramping up production, churning out far more doses per week. Miami Beach imposed an 8 pm curfew to curtail Spring Break crowds, fights and destruction. Former President Donald Trump is starting his own social network. 

And in mortgage and housing news …

HATCH ACT: The Mortgage Note reports that Housing and Urban Development Secretary touched off a mini political storm when she answered a political question in the White House briefing room, raising concerns that she violated the Hatch Act in the process.

NEW REALTORS: Surging prices are persuading tens of thousands more Americans to try their hands at selling real estate.

THROUGH 2023: On March 17, the Federal Reserve announced that while it does expect the U.S. economy to grow in the near term, it also has no plans to raise interest rates through 2023. But what does that mean for consumers?

HOUSE FLIPPING: Housing flipping is suddenly a hot market for America’s lenders.  

RENTAL RECOVERY: Manhattan’s rental recovery is returning to its high-priced, scarce normal.  

CHALLENGING DISCRIMINATION: What can you do if you’re a buyer or renter who suspects you might be a victim of housing discrimination?

VAXICATION: Hit hard by the pandemic, the hotel industry is counting on increased business as vaccinated consumers become comfortable with vacation travel again.

CREDIT CLEANUP: How to clean up your credit score before getting a loan. 

JUMBO MORTGAGE: United Wholesale Mortgage releases new jumbo product amid feud with Rocket and Fairway.

COLLECTORS BLOCKED: Debt collectors hoping to take the $1,400 stimulus checks from the bank accounts of those who owe them money could be out of luck if Senate Democrats are successful in passing a bill to prevent the practice to ensure the funds are available for mortgage, rent and other necessities.