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Treasury yields rise as CPI data tests mortgage rate outlook
loantrust.ai

Treasury yields rise as CPI data tests mortgage rate outlook

Educational BREAKING — Mortgage Professional America reports that Treasury yields climbed following a stronger-than-expected October jobs report, with fresh inflation data now poised to test the outlook for mortgage rates. Bond markets had already absorbed the pressure from robust employment figures, and any sustained upward movement in yields would

Hans Michel/ / 2 min read
AI will create jobs, but staff must adapt, commercial mortgage exec says
loantrust.ai

AI will create jobs, but staff must adapt, commercial mortgage exec says

Educational BREAKING — Mortgage Professional America reports that Eastern Union's Bergman sees artificial intelligence creating jobs rather than eliminating them, provided staff learn to adapt. The executive described how employees at the firm have taken on additional responsibilities by automating routine tasks, shifting their focus toward higher-value work

Hans Michel/ / 2 min read
The climate case for AI has not been made
humanbygod.com

The climate case for AI has not been made

Educational BREAKING — MIT Technology Review notes that as diplomats gather in Antalya for the United Nations climate conference, artificial intelligence has become an unavoidable thread in the conversation, with the host nation already pressing for commitments that would shape how AI is designed, powered, and deployed in service of climate

Hans Michel/ / 2 min read
Pending home sales plunge to slowest October since 2018
loantrust.ai

Pending home sales plunge to slowest October since 2018

Educational BREAKING — Mortgage Professional America reported that pending home sales fell to their slowest October pace since 2018, with mortgage costs climbing 12.8% year over year as rates crossed above 7%. The combination of sharply higher borrowing costs and stalled purchase agreements has pushed annual rent growth to a

Hans Michel/ / 2 min read
Lenders turn to cuts, AI as strong jobs point to rate hikes
loantrust.ai

Lenders turn to cuts, AI as strong jobs point to rate hikes

Educational BREAKING — National Mortgage News reports that nonbank mortgage payroll estimates have fallen to their lowest level this year, as brokers and lenders across the industry trim headcount. The reductions come alongside productivity gains and a stabilization in costs, suggesting that firms are finding ways to do more with fewer

Hans Michel/ / 2 min read