Good morning! Today is Tuesday, April 27. The new census shows that the U.S. population grew at the second lowest pace in history. Californians gathered enough signatures to force a recall election of Gov. Gavin Newsom. The pink Super Moon set this morning – the first of two Super Moons in 2021.
And in mortgage and housing news …
UWM ISHBIA SUED: The Mortgage Note reports that a Florida real estate broker filed a federal lawsuit against United Wholesale Mortgage’s parent company and CEO Mat Ishbia over the launching the Broker Wars.
FED ACTION: What to know about how the Federal Reserve’s actions affect mortgages.
INSURANCE COSTS: Insurance costs threaten Florida’s real estate boom.
LOWER PAYMENTS: Five ways to lower your monthly mortgage payment.
ESCALATION CLAUSE: Builders are trying to protect against high lumber costs by adding escalation clauses, but they could end up losing customers.
EVICTION BAN: As the pandemic lifts, landlords await relief on evictions. A ban on evictions has stuck building owners with rent scofflaws and squatters, forcing them to cut expenses and lowering the quality of the housing stock.
“PREHISTORIC” UNDERWRITING: The president of Finance of America believes that even as agencies have digitized and automated elements of their underwriting process have not kept pace with the times.
TIK TOK: Real estate agents are finding success by turning to Tik Tok for all kinds of property categories.
HOUSEBUYING PREP: Five things not to do before buying a house.
BIGGER DOWN PAYMENTS: The median down payment in some states is now $100,000. But most homebuyers are putting down far less than 20 percent of the purchase price.