The seasonally adjusted benchmark price of a home in Canada’s largest city dropped 0.4% in May to C$1.08 million ($789,800) from a month earlier, according to a report released Wednesday from the Toronto Regional Real Estate Board. It was the first decline since January. The number of sales fell for a fourth straight month even […]
Toronto Home Prices Drop as Listings Linger on the Market Read More »
AdobeStock_53691879 Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as
Purchase mortgage demand drops 13% year over year: MBA Read More »
Jaro and how AI is transforming the mortgage industry Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. And that’s not expected to change anytime soon. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask
Will AI replace mortgage jobs? Not exactly, execs say Read More »
