Items Tagged with 'TIAA Bank'

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  • HousingWire News Podcast: If your lending tech isn't what Millennials want, can you survive long-term?

    Listen to the latest episode
    The HousingWire News Podcast is a weekly wrap of the top news stories by Editor-in-Chief Jacob Gaffney. This week, Gaffney talks with John Pataky, TIAA Bank’s EVP and chief consumer and commercial banking executive. With GDP coming in strong, is the chance of recession finally remote, or is the sky falling? Plus, if your tech isn't what Millennials want, can you survive long term? Listen to find out.
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  • TIAA Bank exiting retail mortgage lending, selling to U.S. Bank

    Shifts focus to digital mortgages
    Just over 18 months ago, TIAA was finalizing its $2.5 billion acquisition of EverBank, touting the deal as a “significant” expansion of its retail footprint and an extension of its existing retirement, investment and advisory services. Then, in July 2018, the company rebranded TIAA Direct and EverBank to TIAA Bank. But now, just a few months later, TIAA Bank is moving to get out of retail mortgage lending and will shift its focus to digital mortgages.
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  • NAR: Existing home sales rise again

    But fall 7% year-over-year
    Existing home sales rose in November, ushering the housing market into its second consecutive month of increases, according to the latest report from the National Association of Realtors.
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  • New home sales retreat, signaling trouble ahead

    Sales of new single-family down 12% from last year
    New home sales retreated in October, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. One expert said this report makes it clear that we are well into a correction period for the new home market.
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  • Multifamily projects propel housing starts

    Single-family construction falls behind, again
    Housing starts increased 1.5% in October, propelled by the multifamily sector, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. One expert said this report is a stalemate between the demand and supply sides of the market, which are moving in different directions right now.
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  • NAR: Existing home sales fall to 3-year low

    Home prices experience the 79th consecutive month of year-over-year gains
    After experiencing a flat August, existing home sales retreated in September, falling to the lowest level in nearly three years. NAR Chief Economist Lawrence Yun said that the decline in regional sales can be attributed to rising interest rates and the continuing climb of home prices.
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  • New home sales increase, but remain underwhelming

    Despite 3.5% uptick in August, numbers are lackluster
    Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
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  • EverBank rebrands as TIAA Bank

    Hopes to enhance experiences with new digital technologies
    TIAA announced that it is rebranding of EverBank and TIAA Direct as TIAA Bank, almost one year after TIAA acquired EverBank. The move represents an expansion of TIAA's offerings, moving the company into providing nationwide banking and lending services to consumers, along with commercial and institutional clients.
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