Origination

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.

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.

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.

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.

The MBA reports that lenders nationwide marginally increased their loan offerings to meet the changing needs of borrowers in the face of ongoing mortgage rates above the 7% mark.

The AI-powered home analytics provider has appointed a seasoned advisor to introduce risk assessment and remodel analysis tools to the banking industry.

While purchasing a home can come with many challenges, according to a new Redfin survey, nearly 60% of recent homebuyers said purchasing a home is more stressful than dating, as mortgage rates remain at their highest level in more than two decades.

High mortgage rates have pushed consumer housing sentiment even lower, according to Fannie Mae's latest Home Purchase Sentiment Index, as more Americans are now pointing to mortgage rates rather than home prices as the primary obstacle to achieving housing affordability.

Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.

“The Biden-Harris Administration and HUD are committed to building and preserving more housing, supporting small businesses, and strengthening communities,” said Secretary Marcia L. Fudge. “This loan guarantee will support projects in Nebraska and California that will transform their economies and communities.”