Change Chief Production Officer Jon Irvine describes how the company plans to navigate the next five years amid higher interest rates, a growing affordability crisis and other macro-economic headwinds.
loanDepot confirmed Monday morning that its systems are down following a cyberattack. Such attacks have plagued the housing industry in recent months.
To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies.
Even if mortgage rates dropped to 4%, the median monthly payment would still be 44% above pre-pandemic levels, said Kevin Barker of Piper Sandler.