Sometimes there is no shortcut when you want to make a lot of money. Speaking of making money, and creating wealth for clients, owning real estate continues to be a good investment. The National Association of Realtors tells us that more than 85 percent of metro markets registered home price increases in the fourth quarter of 2023. Its latest quarterly report reports that fifteen percent of the 221 tracked metro areas experienced double-digit price gains over the same period, up from 11 percent in the third quarter. In the lending world, according to Curinos, January 2024 funded mortgage volume increased 3 percent year over year but decreased 4 percent versus the previous month. The average 30-year conforming retail funded rate in January was 6.86%, -39bps lower than December and 47bps higher than the same month last year. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures. (Today’s Commentary podcast can be found here and this week’s is sponsored by Vesta, the new, modern Loan Origination System (LOS) which helps lenders reduce their costs to originate and improve their ability to integrate with new technologies in the ecosystem. Hear the second and final part of an interview between attorney Brian Levy and Robbie on life outside of mortgage.) Lender and Broker Software, Products, and Services Make your general ledger profitable and run your business more efficiently with Loan Vision and LV-PAM. Instead of “staying alive until ‘25”, with Loan Vision, a software built by the mortgage industry for the mortgage industry, you can “produce more in 24!” Customers on Loan Vision see improvements of 30%+ decrease in days to close the books, 20%+ reduction in accounting headcount, complete LOS to G/L automation, and improved reporting and visibility. Interested in learning how Loan Vision can help you run a more efficient and profitable company? Contact Carl Wooloff to schedule a call today.
Every month we receive statistics showing how prices are going up, or down, and our Federal Reserve is continually mentioning controlling inflation which in turns helps mortgage rates. Inflation has finally impacted birthday celebrations. “Steakhouses Are In. Steak Is Out: Many customers are looking for a splashy night out with less red meat and lower prices.” I like chicken, so I received some good news. (Gallus domesticus fans may want to visit Prince’s south of Nashville.) The price of chicken is poised to fall considerably, helping inflation and in turn, in a small way, mortgage rates, as a glut of feed hits the market. Feed costs are about 60 percent of the expenses of raising birds, and the rising need for biofuels, like that made from soybeans, means that there is poised to be much cheaper feed on the market. A byproduct of making soybean oil from soybeans is soymeal, which is used as chicken feed. The levels of soymeal produced in the U.S. is expected to only go up, which will keep prices for chicken and pork lower than otherwise. See how these things work? Today’s Commentary podcast can be found here and this week’s is sponsored by Vesta, the new, modern Loan Origination System (LOS) which helps lenders reduce their costs to originate and improve their ability to integrate with new technologies in the ecosystem. Hear Part Two of an interview with Curinos’ John Sayre on Q4 origination trends and meaningful data in the mortgage industry. Lender and Broker Software, Products, and Services
Mr Azoff, 76, a legendary producer who was labelled the most powerful man in the music industry , has rejected claims from con woman Heather Dunlop, 39, that she was his client.
Hollywood exec denied knowing bogus actress who worked with Beauly mum to con family out of £35k inverness-courier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inverness-courier.co.uk Daily Mail and Mail on Sunday newspapers.
COURT ROUND-UP: Death by careless driving and fire raiser jailed among last month's Inverness court business inverness-courier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inverness-courier.co.uk Daily Mail and Mail on Sunday newspapers.
Heather Dunlop, 39, claimed to her loved ones that she had signed million pound contracts, was rubbing shoulders with celebrity A-listers and had Champagne on tap in her home.