Mortgage

Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
November 07, 2024  |  Loans

Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation...

READ MORE >
LoanDepot Sees ‘Normalizing’ Lending Environment for Homebuyers
LoanDepot Sees ‘Normalizing’ Lending Environment for Homebuyers
November 05, 2024  |  Earnings

LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a...

READ MORE >
AI’s Growing Role in Finance Brings Opportunity and Risk, House Panel Finds
AI’s Growing Role in Finance Brings Opportunity and Risk, House Panel Finds
July 18, 2024  |  artificial intelligence

Artificial intelligence (AI) is set to revolutionize finance and housing, bringing both game-changing benefits and thorny new risks that demand vigilant oversight, a bipartisan House...

READ MORE >
Regions Bank Struggles With Expenses; Bullish on Consumer
Regions Bank Struggles With Expenses; Bullish on Consumer
April 19, 2024  |  Earnings

Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s results...

READ MORE >
Record-High Share of Americans Have Paid Off Their Homes 
Record-High Share of Americans Have Paid Off Their Homes 
November 17, 2023  |  Real Estate

An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage.  Nearly 40% of homeowners in the...

READ MORE >
Most US Consumers Don’t Know How to Improve Their Credit Score
Most US Consumers Don’t Know How to Improve Their Credit Score
August 25, 2023  |  Personal Finance

In today’s U.S. financial landscape, having a good three-digit credit score can be a critical factor in determining not only whether you are approved or...

READ MORE >
60% of Renters Report Financial Health in Jeopardy Over High Housing Costs
60% of Renters Report Financial Health in Jeopardy Over High Housing Costs
February 03, 2023  |  Consumer Finance

For many Americans, owning a home or renting an apartment signifies financial stability and maturity, with Americans traditionally leaving home early and never looking back....

READ MORE >
PNC Bank and Blend Team on Digital Mortgage User Experience
PNC Bank and Blend Team on Digital Mortgage User Experience
September 27, 2022  |  Digital Onboarding

PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now...

READ MORE >
Half a Million Poles Use Mortgage Holiday in First Two Days of Initiative
Half a Million Poles Use Mortgage Holiday in First Two Days of Initiative
August 03, 2022  |  Loans

In the first two days of Poland’s national “mortgage holiday” more than 500,000 Polish mortgage holders took advantage of the new law allowing them to...

READ MORE >