With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.
Read More »Ally Financial’s Jeffrey Brown to Step Down as CEO
After 14 years at Ally, and having served as CEO since 2015, Jeffrey Brown will remain with the bank through early 2024 before joining Hendrick Automotive Group as President.
Read More »Time for Originators to Take a Second Look at Outsourcing
Peter Baci and Javed Shaikh of Mphasis Digital Risk explain how leveraging specialized skills and expertise through offshoring can improve the quality of service and overall customer experience.
Read More »Banks, Climate Change, and Credit; A New Perspective
New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective.
Read More »Litany of Issues Adversely Affecting the Real Estate Market
Political unrest, global economic health, office occupancies and valuations, housing shortages, and artificial intelligence are among the key issues shaping real estate's near future, according to a new report.
Read More »Mortgage Credit Availability Rises Slightly in September
The MBA reports that lenders nationwide marginally increased their loan offerings to meet the changing needs of borrowers in the face of ongoing mortgage rates above the 7% mark.
Read More »Plunk Taps Joe Dahleen as Advisor
The AI-powered home analytics provider has appointed a seasoned advisor to introduce risk assessment and remodel analysis tools to the banking industry.
Read More »Millennials Lag Behind Boomers in Homeownership Rates—But for How Long?
“At age 30, the millennial homeownership rate is approximately six percentage points lower than that of their generational predecessors, Generation X, at the same age,” First American Economist Ksenia Potapov said.
Read More »Renting With an Average Salary in the U.S.
Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.
Read More »Nearly 2.5 Million U.S. Households Moved Into SFR Homes Over the Last Year
Through an analysis of U.S. Census Bureau data, the National Rental Home Council reports a 5.3% year-over-year increase of households moving into single-family rentals.
Read More »