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Residential - Banking Exchange
Industry has reason for optimism with previously owned homes rising by 1.3% in July
CFPB estimates the proposed rule will result in 22,000 additional mortgage approvals
Analysts believe that inflation may fall even quicker than expected
Bank mortgage applications rose by 3% last week for new mortgages
The ten-year treasury yield has reached 4.8% to levels not seen in 15 years
Wells Fargo dropped to about 18,000 loans in progress, a dramatic change from one year ago
Not only does technology provide a better customer experience, but it is proven to create a more efficient and less risky lending process from beginning to end
The PPP and related changes to operations could reshape some areas of the banking sector, says PwC
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
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