Millennials remain a powerful force in the homebuying arena, and new research from Kristy Folino of ServiceLink offers insights into their priorities, behaviors and intentions for the coming year.
Read More »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
Read More »Dark Matter Technologies Adds Michael Housch as Chief Risk and Information Security Officer
Newly branded mortgage tech provider names 25-year industry vet to oversee Dark Matter Technologies’ cloud architecture, incident response, governance, and regulatory audit oversight, as well as compliance and strategic risks at the enterprise level.
Read More »After Weeks of Decline, Mortgage Apps Begin to Trend Upward
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 »New Listings Hold Fast Despite Near-8% Mortgage Rates
The average homebuyer's monthly housing payment surged to an all-time high as mortgage rates hit their highest level in more than two decades during the first week of October. However, according to a new Redfin report, September experienced a slight uptick in new listings despite ongoing affordability challenges.
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 »Homebuyers Resort to Family Roommates, Sharing Childcare to Save Money
Potential homebuyers are now co-buying and living with relatives for longer periods of time, according to a new survey from Realtor.com. Meanwhile, proximity to family remained a leading factor in choosing a place to live as many cohabiting Americans seek relief from childcare and housing costs.
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