Category: mortgage
Mortgage and loan giant Mr. Cooper blames cyberattack for ongoing outage
Mortgage and loan giant Mr. Cooper says a “cybersecurity incident” earlier this week was the cause of an ongoing outage, adding that the company is “working to resolve the issue.” The Texas-based company said in a statement on i…
The Monthly Cost of Buying vs. Renting a House in America
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in home, house market, housing, market, Markets, mortgage, mortgage rate, real-estate, rent, renting, united statesThe U.S. has witnessed the biggest numerical gap in the monthly cost between buying a home and renting in over 50 years. The post The Monthly Cost of Buying vs. Renting a House in America appeared first on Visual Capitalist.
Behind the Surge: Exploring the Factors Driving Mortgage Rates & Housing Demand
Note: this post was originally shared via The Appraisal, a monthly newsletter published by Thomvest covering the housing market and publicly traded real estate technology companies.In 2022, the Fed began aggressively hiking interest rates in an effort …
Startups Building at the Intersection of Real Estate and AI — 4 Early Use Cases
Startups Building at the Intersection of Real Estate and AI — 4 Early Use CasesIn November 2022, ChatGPT, a chatbot built on top of the GPT-3 model, became a viral sensation, amassing one million users in under five days. As a large language model (LLM…
Visualizing U.S. Household Debt, by Generation
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in american money, baby boomer, Baby Boomers, Banks, Bonds, Datastream, Debt, debt bubble, debt markets, debt to gdp, federal reserve, finance, gen z, generation x, generation z, global money supply, household debt, household finances, household wealth, Markets, millennial, Millennials, Money, mortgage, mortgages, student debt, us debt, world debt, younger generationsThis post is by Aran Ali from Visual Capitalist The Generational Power IndexIntroducing our new index, which ranks U.S. generations on their economic, political, and cultural influence. >> Download the Report (.pdf) Can I share this graphic?Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link…
Former Zillow execs raise $70M seed round for Tomo, which wants to simplify the mortgage process
This post is by Mary Ann Azevedo from Fundings & Exits – TechCrunch There are so many startups pledging to reinvent the mortgage process that it’s hard to keep up. But for anyone who has had to go through the process of applying for one, it’s clear that there’s plenty of room for improvement. The…