Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
Category: News and Trends
Finding Work-Life Balance in a Fast-Paced Mortgage Industry–Mary Kay Scully from Enact
As mental health becomes an increasingly important focus in today’s workplace, achieving a healthy work-life balance has never been more relevant.
Upcoming School of Loan Origination Course: March 3-27
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans.
MBA Launches Cleveland State University Mortgage Banking Bound Program
MBA Education, the award-winning education division of the Mortgage Bankers Association, launched its Mortgage Banking Bound (MBB) program at Cleveland State University.
2024 Saw Lowest Percentage of Cash Purchases in Three Years, Redfin Finds
Redfin, Seattle, reported that the percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low.
Industry Briefs, Feb. 24, 2025
Industry news from Dark Matter Technologies, PennyMac, Cornerstone Capital Bank, Optimal Blue, Click n’ Close and Citywide Home Mortgage.
Mark Dangelo–Unlocking AI’s Full Self-Learning Potential
The stunning advances in “All that is AI” continue to shock the senses and disrupt business models.
A Third of Homebuyers Using AI Tools, Veterans United Finds
Veterans United Home Loans, Columbia, Mo., conducted a recent survey to shed light on the use of Artificial Intelligence in homebuying. Thirty-two percent of prospective buyers reported using such tools as part of their process.
Quote of the Day
“The rate of all-cash sales remains high because when housing is expensive–like it is now–wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes.”
–Redfin Senior Economist Sheharyar Bokhari
Zombie Foreclosures Still Quite Low in Q1
ATTOM, Irvine, Calif., released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential homes in the U.S. are vacant.