Morning Roundup (12/6/2022) – Wall Street South

Good Morning! Today is Tuesday, December 6. The Biden administration said more than 100,000 Haitian migrants could stay in the U.S. for at least 18 months. Putin signed a law banning the public expression of L.G.B.T.Q. identity in Russia. Kirstie Alley, known for her role as Rebecca Howe in “Cheers,” died at 71 of cancer.

The Mortgage Note Reports

Wall Street South: A number of financial companies have relocated their offices to West Palm Beach in Florida. Editor Kimberley Haas interviewed the woman behind “Wall Street South.”

Appreciation Halved: Home price appreciation is now half of what it was in April, its lowest recorded point since early 2021.

Pylon Rakes It In: Mortgage-as-a-service provider Pylon has raised $8.5 million in seed funding for the development of its embedded mortgage infrastructure platform.

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.

How are you helping your community this holiday season? We want to know. Share your story by emailing us: [email protected]

In other mortgage and housing news…

Lock Volume Indices: November mortgage rate locks fell 60.9% YOY and 28.62% from October, with refis down more than 90% from the same time last year.

FL Zoning Fight: The administration of Florida’s Ron DeSantis is suing the city of Gainesville to stop its legalization of new small apartment buildings in all residential areas.

Skirting The Law: Co-housing startups in New York are exploding even though they’re technically breaking a law that puts a cap on the number of people per unit.

“It’s Gotten Worse”: Transgender Americans were already experiencing a housing crisis before competition and prices exploded. Now their struggle is worsening.

Year-End Predictions: Redfin predicts 2023 will ring in the slowest housing market since 2011 despite rates falling below 6%.

Company News: Motto Mortgage opens a new office in Bonita Springs, FL; Reggora says its appraisal management software saves lenders $258 per loan; Windermere teams up with zavvie to offer tech-driven buying and selling solutions.