Challenges Faced by Mortgage Industry in 2023
In 2023, the mortgage industry faced unprecedented challenges, leaving loan originators (LOs) struggling to navigate a tough market. Ben Cohen, managing director at Guaranteed Rate, described the year as exceptionally difficult, emphasizing the increased emphasis on borrower qualifications. Unlike the…
7000 Pounds of Raw Beef Recalled Due to E. coli Contamination
Nearly 7,000 pounds of raw beef are being recalled due to potential E. coli contamination, the U.S. Department of Agriculture Food Safety and Inspection Service announced. The recall affects items shipped to Iowa, Indiana, Illinois, and Michigan from Valley Meats,…
Chinese Electric-Car Maker BYD to Build First European Factory in Hungary
Chinese electric-car specialist BYD has announced plans to build a factory in Hungary, making it the first Chinese car manufacturer to produce passenger cars from start to finish in Europe. The move comes amid a European Union investigation into the…