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Mortgage lenders tempted to let AI ‘vibe code’ their way to more affordable in-house software may be underestimating the price tag and the risk. As tools like Claude and ChatGPT make it possible for non-developers to build tech in a matter of prompts, industry advisors warn that token costs, compliance exposure and staff turnover can…
Skanska has promoted Tom Leptich to vice president of operations and Albert Martin to vice president and account manager for its Skanska USA Building operations across the Puget Sound region and the Inland Northwest. Each has spent more than two decades with the company. As vice president of operations, Leptich will oversee project execution and…
To be fair, mortgage rates haven’t been far from their long-term highs in over a week, but today’s 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.85% seen on July 23rd.  Higher rates are driven by weakness in the bond market. The latter can happen for many reasons….
“Now more than ever it’s so important for people to use a mortgage broker rather than their bank, because the banks are specifically just focusing on rates. As we head into a turbulent time where potentially we will see an increase in rates, the banks are putting clients in, say, a variable rate, which may…
Processing Content Key insight: When it comes to custody, the big firms all do it differently, leveraging different aspects and advantages to attract the business of RIA firms. What’s at stake: For advisors looking to choose a custodian, factors including name recognition, technology integrations and track records come into play. Expert quote: “Any custodian you…
Our global markets watchlist tracks nine prominent indexes from economies around the world. The list includes the S&P 500 from the United States, TSX from Canada, the FTSE 100 from England, the DAXK from Germany, the CAC 40 from France, the Nikkei 225 from Japan, the Shanghai from China, the Hang Seng from Hong Kong,…