Mortgage Roundup (6/3/21) – Apps, Footage & Tech

Good morning! Today is Thursday, June 3. Israeli Prime Minister Benjamin Netanyahu’s rivals agreed to form a new government to oust Israeli leaders. NASA earmarked an initial $1 billion to send the first U.S. probes to Venus in over 30 years to study what made the Earth’s nearest neighbor inhospitable to life. The total number of great white sharks detected along the Cape has ballooned over the last few years as researchers continue to tag more of the big fish. 

And in mortgage and housing news …

MORTGAGE APPS: The housing boom may be cooling as weekly mortgage demand drops again.

AMERICAN RESCUE PLAN: Stimulus money for homeowners? How to tap a $10B mortgage relief fund.

SQUARE FOOTAGE: Realtors often have to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space.

HOME SHOPPING: Three reasons to get pre-approved for a mortgage before you start shopping for a house. 

MORTGAGE TECH: Investors have sunk more than $1 billion this year into startups taking home-buying online. Digital closing company Spruce is their latest darling.

WHITE HOUSE HOUSING POLICY: The Biden administration is poised to enact new rules to address bias in the appraisal process, spur production of affordable housing, and encourage greater federal contracts with minority-owned businesses.

ROCKET GOLFER: Rocket Mortgage announced a partnership with golf phenom Lexi Thompson.

REVERSE MORTGAGES: Consumers discuss reverse mortgage options with experts in the field.

FORBEARANCE: Consumers ask whether payment deferral is as good as it appears, as they work to exit mortgage forbearance.