Thirty-year industry veteran and former Bank of America, Radian, Wells Fargo, PwC, Fannie Mae, and KPMG exec joins D.C.-based strategic advisory firm to support client-development strategies.
Read More »Share of Prospective Homebuyers Waiting for Market Conditions to Improve Declines
According to Bank of America's latest Homebuyer Insights Report, the estimated number of prospective buyers willing to wait for prices and/or mortgage rates to fall before purchasing a home is down from a whopping 85% recorded in June.
Read More »Customer Satisfaction With Mortgage Lenders on the Rise
J.D. Power’s latest U.S. Mortgage Origination Satisfaction Study examined a number of factors, including communication, digital channels, and level of trust, to gauge customer service levels. Which lender took the top ranking this year?
Read More »Purchase Mortgage Apps Down 27% YoY
As mortgage rates advanced upward to levels last seen 20 years ago, the MBA reports overall application volume slipping yet again after a quick one-week rebound.
Read More »Nearly 7 in 10 Americans Feel Cost of Living Outpacing Worker Salaries
A new BofA study revealed that American employees continue to feel stressed about their finances and remain concerned about the increasing cost of living, with an estimated 67% of American employees reporting that the cost of living is outpacing growth in their salary or wages.
Read More »Spotlighting Women Executives Promoting Equitable and Sustainable Homeownership Nationwide
Five finalists have been named for the Five Star Institute Keys in Hand Award, shining the light on women in the industry who have spearheaded efforts to increase homeownership opportunities for all.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »Older Homeowners Plan to Stay Put
Most Americans over the age of 45 who already have a house do not intend to sell, a factor that will continue to exacerbate nationwide home inventory shortages.
Read More »Gen Z Reacts to Inflation by Seeking Additional Incomes
A recent Bank of America survey revealed that as inflation persists, an estimated 75% of young adults are seeking more ways to earn additional income, as challenges of achieving their financial goals remain constrained.
Read More »Consumer, Median Mortgage Payments Rise in September
As escrow and title payments turned negative in 2022, new data from Bank of America showed that median mortgage payments rose nearly 9% in September, while total payments increased 10% year-over-year.
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