AI Agents:Let's just say we've come a long way since Clippy. As the AI revolution accelerates, banks and financial institutions are investing in AI agents to serve customers, fight financial crime and perform c
When most folks think about America's top real estate markets, Toledo might not be their first pick. The Rust Belt city, about an hour southwest of Detroit on the banks of Lake Erie, has seen its share of troubles over the past few decades. However, the Toledo housing ma...
When interest rates drop, the cost of borrowing money decreases. This makes mortgages more affordable for potential homebuyers. For example, a 1% decrease in interest rates on a 30-year fixed mortgage can lower monthly payments significantly, sometimes by hundreds of dollars. Higher Demand: As mor...
Financial troublesplagued Book Tower. Lawsuits and failed mortgages caused ownership of the building to change hands multiple times, and the number of tenants dwindled. In 2009, its last tenant moved out and it has been closed since. Soon after it closed, Detroit announced plans to convert the...
While the Obama Administration is giving the banks a stress test, they are also giving the American people a tremendous amount of stress. Let’s look at the first 100 days of President Obama’s ‘reign of error’ in a factual manner, not...
As a result of the sub-prime mortgage crisis the federal government allocated many millions of dollars to programs created to help homeowners refinance their mortgages to reduce the interest rate and monthly payment. Home owners have complained that banks have been extremely slow and in some cases...
Plunging home prices will also be felt on Wall Street, where banks and other money managers have leveraged untold billions in complex securities based on increasingly risky mortgages. Boom goes bust Former boom towns in Florida and Southern California have now passed Detroit for the dubious honor...