Special Program Root Tag

It's been a rocky few years for senior housing as the sector recovers from its COVID occupancy drop and its profitability takes a hit. But bankers see long-term opportunities amid an aging U.S. population and say their portfolios are healthy.

The top five cities in the ranking have an average total score of 64.5 out of 100.

When loan officers have a broad, problem-solving focus — bolstered by diverse services, technologies and consistent attention to detail — their pipelines grow, writes the president of Incenter Lender Services.

The Pittsburgh-based regional bank expects to save $325 million next year as it reduces its staff by 4%. Executives said the cuts are necessary because revenue has fallen amid a surge in interest rates and a decline in loan volumes.

Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.

Designated mortgage professionals who can work in community outreach as well as regular monitoring of program outcomes are also important components that will help programs meet goals, industry leaders say.

The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.

Removing the requirement for the seller to pay the buyer's broker will make financing more difficult to get for certain groups.

The Federal Reserve is expected to pause at its September meeting. Jeff Timlin, a managing partner at Sage Advisory, will join us on Sept. 21 to provide analysis of the meeting.

Arizent released the findings of its third annual DEI report.

New American Funding's Patty Arvielo found hiring initiatives can help match lending with demographics but says hurdles to recruiting in general are high now.

Meaningful progress on DEI initiatives has a real effect on the workforce. We examine the dynamics that drive this conclusion and what it means for companies.

AI is highly hyped but operationalizing it safely in mortgage must go beyond the hype.

The women who put up top production numbers in a mostly-purchase market have proven processes for finding productive realtor partners and keeping pre-approved borrowers engaged during long home shopping journeys.

Every year, more lenders get to customers before realtors, so how do lenders retain pre-approved borrowers and increase closing rates on purchases?

Of all the relevant mortgage AI use cases, underwriting might be the most impactful because it represents speed for customers and lenders and safety and uniformity for housing finance overall.

Immerse yourself in an engaging series of technology-focused presentations, unveiling an array of innovative products and services specifically tailored to enhance your workflows. 

High costs associated with fraud or defect risk this year have made some coverage compelling but thin mortgage business margins can make lenders selective.

Hint: It requires balancing technology with the appropriate degree of personalization and human interaction.

The lender involved is interested in seeing how the newer model works in conjunction with nonconforming mortgages while the government-sponsored enterprises plan broader adoption.