Mon.Dec 12, 2022

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Rate lock volume is down by 68% despite drop in mortgage rates

Housing Wire

Mortgage rates were on a declining trend in November despite the Federal Reserve ‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. Rate lock dollar volume was down 21.5% month over month in November, remaining at the lowest level since February 2019, according to Black Knight ‘s originations market monitor report.

Mortgage 395
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Households’ Real Estate Asset Growth Continues to Slow in Q3

Eyes on Housing

The most recent release of the Z.1 Financial Accounts of the United States shows a sharp slowdown in the quarter-over-quarter growth of households’ real estate assets. After six consecutive quarters of above 3 percent growth quarter-over-quarter, the third quarter of 2022 saw a 1.74% increase in households’ real estate asset value. The level of households’ real estate assets increased by.

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Figure Acquisition Corp. I plans merger with mortgage bank

Housing Wire

Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations.

Mortgage 406
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Help First time buyers buy their first home! Steps to buying a home

Mortgagebroker News

Are you working with a first time buyer? Here are tips on how to help them buy their first home easily, with help programs to access.

Buyers 65
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In a brutal market, lenders seize on correspondent

Housing Wire

There are reasons California-based Pennymac may want to forget 2022. The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market.

Marketing 395
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How Rob Dyrdek Fits Family, Real Estate, and $100M Businesses into His Day

BiggerPockets

Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as […].

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It’s Becoming A Buyer’s Market, But It’s Still Not Easy To Buy

BiggerPockets

The economy is beginning to stall as the Fed has repeatedly increased its discount rate over the past few months to fight inflation. As Jerome Powell put it, “We have got […].

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What Agents Need to Know About Appraisal Reviews

National Association of Realtors

A variety of circumstances, including a request by the seller, may lead to a formal review. It’s up to the lender.

Agents 64
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Where do opportunities lie for agents and brokers in 2023?

Mortgagebroker News

There's still strong potential for business in a market that continues to evolve

Agents 64
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The Best Real Estate Data API for 2023

Mashvisor

Have you ever wondered where to get the finest real estate data API and how to put it to use in your business? Read this article to find out more.

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What is equipping this mortgage professional for the future?

Mortgagebroker News

Principal broker on how diverse experiences build a broker

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December 2022 Mortgage Rates Go Down

Mashvisor

The roller coaster ride that is mortgage rates isn’t done yet. December 2022 mortgage rates surprise all of us as we see them fall below 7%.

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How much financial stress are Canadian consumers under right now?

Mortgagebroker News

New survey highlights alarming levels of financial stress

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Clear Capper’s Favorite Holiday Beverages and Baked Goods

Clear Capital

Taste buds rejoice! We’re proud to present the fourth annual Clear Capital Cookbook. This year’s cookbook is full to the brim with delicious beverages and baked goods recipes from the Clear Capital team. Download the Clear Capital Cookbook 2022! Beverages. Festive Red Sangria. Christmas in a Cup Hot Toddy. Spiked Peppermint Hot Chocolate. Thanksgiving Sangria.

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What will the full impact of the central bank's rate hikes be?

Mortgagebroker News

Labour group leader outlines ongoing risks for Canadians

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Not Using eSignatures? Here’s What You’re Risking

GoForrmz

eSignatures are an important part of growing your business Running the day-to-day operations of any business is a full-time job, but one of the most difficult challenges is finding the right tools to make your business run smoothly and set you up for future success. In an ideal world, everything in your business runs without disruption; no paperwork is ever lost, no data is ever incorrect, and every signature is legally binding and captured quickly.

Legal 78
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How is technology transforming Canada’s mortgage industry?

Mortgagebroker News

Executives talk evolution of industry through tech

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Governments launch investment for major Ontario housing projects

Mortgagebroker News

Kingston, ON to receive major supply boost