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August 18, 2023

Written by The Mortgage Note

Good Morning! Today is Thursday, August 3. Donald Trump is expected to appear at a federal courthouse in Washington, DC this afternoon. Prime Minister Justin Trudeau of Canada and his wife are separating. Three former dancers have accused Lizzo of creating a hostile work environment.

The Mortgage Note Reports

Under Pressure: The average American spends $25,000 a year on their monthly bills, but costs vary hugely by state, putting strain on homeowners suffering under inflation.

New Lender Portal: Mortgage tech company ReadyPrice launched an independent universal delivery portal combining its PPE with the industry’s largest LOS.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

In other mortgage and housing news…

Monthly Trends: Active listings growth slowed for the fourth month in a row in July and fell below year-ago levels (-6.4%) for the first time since April 2022.

Opinion: Jason Mitchell argues that Wall Street owning so many single-family homes harms Americans because they have no intention of ever selling.

wemlo Upgrade: Fintech wemlo expanded its third-party mortgage loan processing services with the addition of new loan products and lender partners.

Shining Light: Rental listing inventory is up 70% YOY and days on market is up 50% YOY as median monthly rent prices have seemingly reached a peak.

First-Year Money Sink: The first year of homeownership comes with a staggering price point, so Point2 ranked the cheapest metros for upfront and recurring costs.

Read the story on The Mortgage Note here.

About wemlo

wemlo® NMLS #1853218, is a technology-focused mortgage loan processing company that is reshaping the mortgage broker channel. It developed the first service for mortgage brokers, combining third-party loan processing with an all-in-one digital platform. Its product is marketed and sold to mortgage brokerages and loan originators across the country. wemlo is a subsidiary of 
RE/MAX Holdings, Inc., which includes RE/MAX®, one of the world’s leading franchisors of real estate brokerage services, and 
Motto Mortgage®, the first-and-only national mortgage brokerage franchise brand in the U.S.

Media Contact

Brittany Johnson
PR & Communications Manager, wemlo