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Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent from a year ago, according to lender data tracked by the Mortgage Bankers Association.
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Technology like AI is helping lenders do a better job of providing useful guidance and advice to borrowers, boosting customer satisfaction and repeat business: J.D. Power.
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Real estate vet and legal expert Mary-Frances Coleman is the association's first executive director. She said one of ARA's biggest challenges will be dealing with the "that's the way it's always been done" mentality.
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