Initial claims for unemployment insurance fall sharply for the second straight week, falling below 300,000 for the first time since onset of the coronavirus pandemic, the Labor Department reported Thursday.
Category: News and Trends
Freddie Mac: Single Women Have Low Confidence in Homeownership Prospects
Freddie Mac, McLean, Va., reported nearly 60 percent of single female head-of-household renters feel homeownership is out of reach indefinitely.
Paul Gigliotti of AXIS Lending Academy: How Diversity Efforts Can Reach Critical Mass
Our own industry has embraced diversity, equity and inclusion efforts at a rapid rate over the past several years. At the same time, we only have to look around ourselves to see that we still have a long way to go, especially at the leadership and boardroom level.
Dave Parker of LoanLogics on ‘Confidence Scoring’ and Human Workflow
Dave Parker is Chief Product Officer for LoanLogics, a Jacksonville, Fla.-based provider of loan quality technology for mortgage manufacturing and loan acquisition.
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“The COVID-19 pandemic has had disparate economic impacts nationwide, particularly on women who are heads of their households, such as single moms and caretakers…this population’s housing and financial challenges have been further complicated by pandemic-related workplace disruptions and current economic conditions.”
–Pam Perry, Single-Family Vice President of Equitable Housing with Freddie Mac, McLean, Va.
FHFA Increases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps
The Federal Housing Finance Agency, Washington, D.C., increased the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac to $78 billion each.
Kumar Alok Upadhyay of HCL Technologies: Redefining the Future of Lending Solutions
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
Stanley Middleman of Freedom Mortgage: Let’s Use What We Learned from Past Housing Mistakes
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
Sponsored Content from CreditXpert: Three Ways Credit Potential Can Grow Revenue
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
Sponsored Content from WFG: Three to Get Ready…
WFG’s Enterprise Solutions has a trio of proven products ready to boost lender efficiency as the market shifts to origination loans.