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Images: Downtown affordable housing development begins climb
renttrust.ai

Images: Downtown affordable housing development begins climb

Educational BREAKING — Urbanize Atlanta reports that a long-planned mixed-use development called Trinity Central Flats is finally rising at the intersection of Trinity Avenue and Shirley C. Franklin Boulevard in downtown Atlanta, bringing more than 200 relatively attainable housing units to a market that has sorely needed them. The

Hans Michel/ / 2 min read
Trump posts new support for GSEs, lower mortgage rates
loantrust.ai

Trump posts new support for GSEs, lower mortgage rates

Educational BREAKING — National Mortgage News reports that new online ads from the Trump administration are promoting Fannie Mae and Freddie Mac as engines for boosting purchase applications, though observers remain uncertain whether this messaging hints at a future stock offering for the government-sponsored enterprises. The ads represent a visible,

Hans Michel/ / 2 min read
Rate lock volume falls as rate-and-term refis crater in August
loantrust.ai

Rate lock volume falls as rate-and-term refis crater in August

Educational BREAKING — Mortgage Professional America reports that rate lock volume fell in August as rate-and-term refinances collapsed, even as purchase loan activity remained above year-ago levels according to Optimal Blue data. The overall market is softening, but the divergence between purchase and refinance demand tells a clear

Hans Michel/ / 2 min read
Better exec tapped to lead PLACE, Envoy Mortgage operations
loantrust.ai

Better exec tapped to lead PLACE, Envoy Mortgage operations

Educational BREAKING — National Mortgage News reports that an executive from Better has been appointed to lead operations at PLACE and Envoy Mortgage, while Chad Smith is departing the lender following a period of significant expansion. During his tenure, Smith contributed to Better achieving two and a half times growth in

Hans Michel/ / 2 min read
The housing market your clients think they know no longer exists
loantrust.ai

The housing market your clients think they know no longer exists

Educational BREAKING — Mortgage Professional America reports that the gap between winning and losing housing markets is widening fast, according to new data from Cotality. What once looked like a single national housing narrative has splintered into sharply divergent local realities, leaving buyers and sellers operating on outdated assumptions about how

Hans Michel/ / 2 min read
August home sales slip as mortgage rates hit year-long high
loantrust.ai

August home sales slip as mortgage rates hit year-long high

Educational BREAKING — Mortgage Professional America reports that August home sales retreated as mortgage rates climbed to their highest level in a year, with Zillow data showing closings fell on a year-over-year basis. Borrowing costs above 6.5% have pulled many prospective buyers out of the market, redirecting demand

Hans Michel/ / 2 min read
The Growing Proof That Autonomous Cars Save Lives
humanbygod.com

The Growing Proof That Autonomous Cars Save Lives

Educational BREAKING — IEEE Spectrum reports that autonomous vehicles remain unsettling to plenty of people, with some experts and policymakers cautioning that AVs will not automatically make roads safer. The comparison between self-driving and human-driven cars remains difficult because there simply are not enough autonomous vehicles on the road

Hans Michel/ / 2 min read
Major breakthrough made on famous Millennium maths problem
humanbygod.com

Major breakthrough made on famous Millennium maths problem

Educational BREAKING — New Scientist reports that researchers have made significant headway on one of mathematics' most stubborn challenges, the Navier-Stokes problem, through a rare partnership between human insight and artificial intelligence. The collaboration yielded three key findings that advance understanding of the equations governing fluid motion, a Millennium

Hans Michel/ / 2 min read