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The share of job seekers who relocated to take up a new position fell to 1.6%, the lowest level on record, in the first quarter of 2023, according to a quarterly survey that's been carried out by executive coaching firm Challenger, Gray & Christmas, Inc. for decades.
May 16 -
"If this technology goes wrong, it can go quite wrong." Leaders call for government regulation of powerful tech tools.
May 16 -
Home Depot Inc. cut its outlook for the year after first-quarter sales dropped more than expected, a sign that economic uncertainty is leading to a pullback in home-improvement spending.
May 16 -
The National Association of Home Builders/Wells Fargo gauge jumped five points to 50, extending a streak of increases to five months, figures showed Tuesday.
May 16 -
Treasury Secretary Janet Yellen defended the administration's systemic risk exception and said regulators will backstop small banks that pose contagion risk.
May 16 -
The President of the National Association of Mortgage Brokers, Ernest Jones Jr., explains how consolidation in wholesale has impacted those he represents.
May 16 -
More than 140 current and former lawmakers are defending the constitutionality of the agency's funding arrangements. The nation's highest court is expected to rule on the issue in its upcoming term.
May 15 -
Following the removal of one contentious part of its new grid in response to criticism, the agency is seeking more feedback on remaining changes it's made or proposed.
May 15 -
Comments from Federal Reserve Gov. Michelle Bowman last week show that supervisory reforms outlined by the Fed's top regulatory official could meet significant opposition, policy analysts say.
May 15 -
Balances reached nearly $1 trillion at the end of the first quarter, up 17% from a year earlier. The increase reflects higher spending by well-off consumers on travel and entertainment, as well as the pressure that lower-income households are facing from inflation and higher interest rates.
May 15 -
But the percentage of loans in workout no longer current increased in April, the Mortgage Bankers Association found.
May 15 -
The CEO of Kind Lending chatted about his current and past businesses, how to build a successful shop and his upcoming book.
May 15 -
The withdrawn loan level pricing adjustment matrix changes were mostly about election-year politics and the Federal Housing Finance Agency's plan for credit scoring changes is even more impractical, the Chairman of Whalen Global Advisors writes.
May 15
Whalen Global Advisors LLC -
Mat Ishbia's recent purchase of the Phoenix Suns has catapulted the wholesale lender's owner into the national spotlight. Will he bring to the NBA team the same competitive spirit that made his company the top originator in the country?
May 15 -
Silicon Valley Bank's failure in early March kicked off a period of turmoil unlike anything the U.S. banking industry has been through since 2008 and 2009. Here's a look back at the key events.
May 14 -
Following sales to Mr. Cooper and The Loan Store, the wholesale giant reported originations of $891.2 million between January and March.
May 12 -
Although issuance of new securitizations has been low compared to year-ago levels, it rebounded as spring buying began
May 12 -
The latest forecast calls for $375 billion of lending on properties with five or more units, with total commercial originations of $654 billion.
May 12 -
The company projects home buying costs could rise by a quarter in the next four months in the unlikely scenario.
May 12 -
The tools are there to create a faster loan process, but fear of noncompliance and reliance on old habits still prevail, industry technology leaders said at the Fintech Nexus USA conference this week.
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