General World News

New Women’s North American Hockey League Launches

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Montreal — Women’s ice hockey kicked off 2024 with the launch of a new professional league that debuted Monday with a match between the Toronto and New York teams. The Professional Women’s Hockey League “rings in the New Year with the very first regular season game in league history,” the PWHL said in a press release. […]

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Oscar-Nominated Actor Tom Wilkinson Dies at 75

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london — Two-time Oscar-nominated actor Tom Wilkinson, who starred in “The Full Monty” — a movie about a group of unemployed steel workers who launched new careers as strippers — died suddenly on Saturday.  The British actor’s death was confirmed in a statement released by his agent on behalf of his family. He was 75.  “It […]

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Brazil Pays Tributes to Pelé 1 Year After His Death

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RIO DE JANEIRO — Brazilians paid several tributes to soccer legend Pelé on Friday, one year after the three-time World Cup winner’s death at age 82 due to a colon cancer. A ceremony held at Rio de Janeiro’s Christ the redeemer, one of the South American nation’s most famous postcard locations, featured a projection of a […]

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How LOs, mortgage execs are preparing for 2024

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After nearly two years of trudging through a frozen housing market, the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It finally seems like we are turning a […]

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China OKs 105 Online Games Days After Hitting Industry with Draft Rules

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TAIPEI, TAIWAN — Chinese authorities approved 105 new online games this week, bolstering support for the industry just days after proposing regulatory restrictions that sent stocks tumbling. The National Press and Publication Administration (NPPA) announced approval of the 105 games Monday via WeChat, describing the move as a show of support for “the prosperity and healthy […]

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The 2024 mortgage M&A playbook

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Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share.  It won’t be easy. United Wholesale Mortgage, the […]

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‘Parasite’ Actor Lee Sun-kyun Found Dead: Report

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Seoul, South Korea — South Korean actor Lee Sun-kyun, best known for his role in the Oscar-winning film “Parasite”, was found dead Wednesday in an apparent suicide according to a police official. The actor was discovered inside a vehicle at a park in central Seoul, Yonhap news agency reported, citing police. Lee, 48, had been under […]

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Hackers accessed data of 1.3M customers in Fidelity cyberattack

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Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes customers’ social security numbers.  The company informed officials in Maine and California that 1,316,938 customers had information accessed by hackers during the incident. […]

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Why Are We Drawn to New Year’s Resolutions?

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As the end of December approaches, millions of Americans will make pledges to lose weight, save more money or learn a new language, only for most of these promises to be forgotten in a few months. So, why do we make New Year’s resolutions in the first place? details ⇒ BusinessMediaguide.Com portal received this content […]

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How analysts see 2024 shaping up for mortgage lenders

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Kyle Joseph, a specialty finance equity research analyst at Jefferies, believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. “Barring any sort of unforeseen consequences, I’d like to think so,” Joseph said in an interview. “Obviously, this cycle was fast and furious […]

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Artists Use Tech Weapons Against AI Copycats

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NEW YORK — Artists under siege by artificial intelligence that studies their work and then replicates their styles, have teamed with university researchers to stymie such copycat activity. U.S. illustrator Paloma McClain went into defense mode after learning that several AI models had been trained using her art, with no credit or compensation sent her way. […]

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The 2023 housing market bent, but didn’t break

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As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact […]

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Biden-Harris Administration Awards $44.5 Million to Improve Postsecondary Education Access and Completion for Students in Rural Communities

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The Biden-Harris Administration today announced $44.5 million in grants to 22 institutions of higher education to improve rates of postsecondary education enrollment, persistence, and completion among students in rural communities. The Rural Postsecondary and Economic Development (RPED) grant program promotes the development of high-quality career pathways aligned to high-skill, high-wage, and in-demand industry sectors and […]

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What makes Gen Z homebuyers different?

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Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. Attending industry-related conferences and visiting clients, I was typically the only person in the room under the age of 30. Our industry is full of professionals with decades of experience, but with […]

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How Did America’s Founding Father Celebrate the Holidays?

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Have you ever wondered how the holidays were celebrated in 18th-century America? VOA’s Saqib Ul Islam visits Mount Vernon, the historic home of America’s first president, George Washington. At this historic site, one of the nation’s most visited, holiday traditions from the 1770s are preserved. details ⇒ BusinessMediaguide.Com portal received this content from this noted […]

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‘Mortgage winter’ is expected to thaw a bit

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The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market.  The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as […]

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Mortgage delinquencies edged higher in November: ICE

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While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. The national delinquency rate climbed to 3.39% in November, which […]

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Dovenmuehle Mortgage to lay off several hundred in Illinois

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Dovenmuehle Mortgage, a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year.  The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 16, 2024, per a Worker Adjustment and Retraining Notification Act (WARN) filed with the Illinois Department of […]