From Boomers to Zoomers, every generation has distinct characteristics and priorities. Each generation has also faced unique economic conditions. These differences can color their subsequent home-buying experience. Gen Z is the youngest swath of homebuyers on the scene. Born between 1997 and 2012,[i] these young NextGens are quickly becoming a prominent part of the lending market. After all, 71.5% of … Read More
Enhance Your Borrower Qualification Process & Generate New Opportunities In today’s fast-paced and challenging market, mortgage lenders are facing some tough hurdles. Rising origination expenses, decreasing mortgage affordability, increased consumer debt, and low market confidence are making it difficult to maintain revenues and attract new borrowers. How can you boost your business and qualify more borrowers? The secret lies in … Read More
In light of the economy’s continued uncertainty, many mortgage lenders are worried about the rising rates of foreclosures and bankruptcies. While COVID-19 loan moratoriums temporarily suppressed these rates, the post-pandemic era has new trends in store. So, what does this all mean for mortgage lenders? In this article, we’ll explore the relationship between forbearance, foreclosures, and bankruptcy. We’ll also highlight … Read More
Talk Data to Me: Keys to the Future – Helping Gen Z Navigate the Homebuying Journey with Ally Carty 71.5% of Gen Zers plan to buy their first home in the next 1-6 years, while 37.2% plan on buying as soon as 1 – 3 years.1 So, how can today’s lending professionals help them navigate the homebuying process? In this … Read More
Your credit reports have far-reaching ramifications. Most notably, the information contained in your credit reports is used to calculate your credit score. If any of this information is outdated or inaccurate, it may cause your credit score to be lower than it should be. According to a recent Consumer Reports study, one-third of consumers have at least one error on … Read More
As of May 1st, 2023, Fannie Mae and Freddie Mac have altered their LLPA matrix to make homeownership more attainable to first-time homebuyers and underserved borrowers. While this change was made with good intentions, it has spurred some controversy amongst mortgage professionals. So, what are the details regarding the LLPA changes? And what do they mean for mortgage lenders? Below, … Read More
