The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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Over 200 employees will be let go as of Feb. 16, 2024, according to an Illinois WARN notice.
December 19
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The outstanding amount that people ages 62 and up hold represented a nearly $15.4 billion gain in property value offset by a record $2.32 billion in borrowing.
December 19
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Loans for new homes are up 22% while overall purchase volume is down 20%, the Mortgage Bankers Association found.
December 19
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Construction of single-family houses jumped 18% to the highest level since April 2022, while starts of multifamily projects increased 6.9%.
December 19
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Relying on hope, as implied in the "survive until '25" slogan, is not a business strategy that will get a company through the year.
December 19
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The lawsuit accuses Navy Federal of violating the Fair Housing Act and the Equal Credit Opportunity Act after a CNN report that the lender approved a lower percentage of Black and Latino mortgage applicants.
December 18
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The Consumer Financial Protection Bureau is appealing a lower court ruling that the agency exceeded its authority in bringing an anti-discrimination enforcement action against a Chicago mortgage lender after he made disparaging remarks about Blacks and Hispanics.
December 18
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Remote work trends and high interest rates have substantially reduced the values of U.S. office buildings. A new academic paper estimates the extent of the deterioration, suggesting that there is perhaps more stress ahead for banks than is widely anticipated.
December 18
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