Morning Roundup (3/25/2022)– Rates, Forbearances Rise

Good Morning! Today is Friday, March 25. The U.S. imposed new sanctions on more than 300 members of Russia’s Parliament. Some journalists have quit jobs at Russian state media outlets, citing regret for promoting lies about the war. Arizona Republicans passed a bill banning most abortions after 15 weeks of pregnancy. The Mortgage Note Reports Rates Rise: Mortgage rates continued their upward march this week, averaging 4.42%. Forbearances Up: Forbearance plans rose for a second week, pushed up by plan re-starts, though new plan starts remained steady. And in other mortgage and housing news… Affordability Down: Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3% to $1,653. “We’re Concerned”: Liz Shuler, president of…

Morning Roundup (3/14/2022)– Highlighting Ukraine, Cash Offers

Good Morning! Today is Monday, March 14. Russian forces hit Kyiv with heavy artillery strikes this morning after days of fighting in the suburbs. Barack Obama tested positive for Covid-19. Less than two months after announcing his retirement, quarterback Tom Brady said he will return to the Tampa Bay Buccaneers and play again. The Mortgage Note Reports Help Us Highlight Those Who Are Supporting The People Of Ukraine: The people of the world are watching the horror unfolding in Ukraine, and we at The Mortgage Note want to highlight those in the housing industry who are stepping up to help. AIME Lobbying: AIME is teaming up with lobbying firm Forbes Tate Partners to represent brokers in government affairs. Cash Is…

AIME Teams Up With Lobbying Firm Forbes Tate Partners

The Association of Independent Mortgage Experts (AIME) is teaming up with lobbying firm Forbes Tate Partners (FTP) to further broker representation in government affairs. The partnership is a step forward for AIME’s Government Affairs Committee, founded in 2021. “The broker community is thrilled that Forbes Tate will represent our interests in government affairs,” said Katie Sweeney, CEO of AIME.  “The strategies they’re advancing will effectively suit our needs by growing our footprint, increasing our impact, and building our reputation exponentially. Additionally, they will help us fight for a voice for the broker channel and champion consumers from all backgrounds.” FTP is a bipartisan public affairs firm specializing in government relations, traditional and digital communications, grassroots advocacy, third-party coordination, insights, polling,…

Morning Roundup (2/11/2022)– Forbearances Down, Rates Up

Good Morning! Today is Friday, February 11. Biden is moving to split $7 billion in frozen Afghan funds between 9/11 victims’ families and humanitarian aid in Afghanistan. Congress passed a bipartisan bill giving survivors of sexual misconduct greater rights to sue. Super Bowl LVI is poised to be the most bet upon game in football history as the legalization of sports betting grows. The Mortgage Note Reports Which City Would Win In The Super Bowl Of Housing Markets?: It’s Super Bowl weekend and The Mortgage Note is taking a look at which city would win if Los Angeles and Cincinnati’s housing markets were pitted against each other. Black Knight: Forbearance plans fell by 4% last week, slowing as the number of active…

3,000 Mortgage Pros Attend AIME Conference

The Association of Independent Mortgage Experts (AIME) hosted its 4th annual Fuse National Conference, a conference for brokers and wholesale mortgage professionals. It is the largest nationwide gathering of independent mortgage professionals in the industry. The conference spanned three days, with a pre-event dedicated to empowering women leaders as part of AIME’s Women’s Mortgage Network Summit. The Women’s Mortgage Network Facebook group saw a 100% increase in membership since September 2020, so it’s not a surprise the event sold out its 400 tickets. AIME CEO Katie Sweeney gave the trade association’s keynote, during which she announced a new AIME Member Portal (AMP), along with associated membership tiers with benefits for members. The lower tiers give members access to AIME’s Facebook…

He’s Back! Anthony Casa To Share AIME Stage With Katie Sweeney At UWM-Sponsored Event 

11 months, 16 days.  That’s how long it took former Association of Independent Mortgage Experts boss Anthony Casa to get back into AIME’s good graces after resigning in the wake of his lewd and misogynistic video texts about the wife of a rival.  Casa, who took a leave of absence in July and officially stepped down in October, will participate in a panel discussion Friday at AIME’s annual Fuse conference – billed as the “largest nationwide gathering of independent mortgage professionals” – at the swanky Bellagio in Las Vegas. The panel will be moderated by Casa’s successor, AIME CEO Katie Sweeney. United Wholesale Mortgage – a longtime backer of AIME and Casa – is the title sponsor of the conference. …

Report: Anthony Casa Leaves AIME

Three months after igniting a scandal by sending lewd and misogynistic messages about a rival, Anthony Casa is officially stepping down from his role at the Association of Independent Mortgage Experts, HousingWire reported Thursday. Casa took a leave of absence from AIME after he falsely accused the wife of a Quicken executive of having sexual relations with United Wholesale Mortgage CEO Mat Ishbia. He is starting his own brokerage in Philadelphia, according to a statement he provided to HousingWire, which makes no mention of the scandal that drove him out of AIME. “After much consideration and heart-to-heart conversations with family and friends, I have decided to officially hand the reigns over to the extremely capable hands of Katie Sweeney and…

Checking In With Anthony Casa

If you thought Anthony Casa would dial things back in the wake of sending lewd video texts about a rival’s wife, well … he seems to be sending a different message. As seen in the picture above, Casa updated his Facebook cover photo with an old picture in front of a presentation slide that says “FUCK THESE GUYS. ATTACK ATTACK ATTACK.” His Facebook profile still identifies him as “Chairman @ Association of Independent Mortgage Experts” – even though he took a leave of absence after swift and severe backlash to his lewd texts and comments. Casa came under fire after The Mortgage Note and others shared videos he sent to Quicken executive Austin Niemiec falsely alleging his wife Theresa performed oral sex…

Is AIME Scrubbing Channels Of Critical Comments?

After Anthony Casa announced he was taking a leave of absence from the Association of Independent Mortgage Experts, the organization removed his bio from its website while also apparently scrubbing comments on its social media channels. Casa was the chairman and founder of AIME. He took a leave of absence last week after days of stories about lewd video text messages he sent to a Quicken Loans Vice President about the executive’s wife. In the days after the news broke, AIME started losing major sponsors – including two of three platinum level sponsors for 2020. Still, Casa did not resign and instead took a leave of absence, suggesting that he may return at some point in the future. Casa apparently…

Is AIME Keeping Door Open For Casa’s Return?

After Anthony Casa took a leave of absence from his leadership of the Association of Independent Mortgage Experts for sending lewd video texts, his (at least) temporary replacement vowed to keep the organization on track and seemed to keep the door open for Casa’s return. “In light of recent events, Anthony made the difficult decision to step away,” Katie Sweeney, executive vice president of strategy at AIME, wrote in Facebook post. “The industry and its current leaders have some hard work ahead to ensure women are treated with the same respect as our male counterparts. I trust that AIME and Anthony will play a role in that positive change. I intend to make sure of it.” Casa announced Thursday he is taking…