Despite the mostly stagnant homeownership report, the number of Hispanic buyers entering the market has continued to grow over the last five years. The only homeownership rate to see a spike, Hispanics will likely be the primary driver of new homeowners for the next decade and beyond.
Read More »Banking Industry Begins Preparation for Higher Credit Costs
The U.S. banking industry's period of recovery and release have come to a close and significantly higher credit costs lie ahead which will indeed affect these institutions' first quarter earnings.
Read More »Lenders: Here’s How to Attract First-Time Homebuyers
First-time homebuyers, including millennials, are slowly but surely making their way into the housing market and lenders need to be prepared to grab their attention and keep it.
Read More »Boomers Trade Homeownership for Renting
As the Baby Boomer generation grows older and enter those "empty-nester" years, many are swapping out their long-tome homes to enter the rental market.
Read More »Millennial Homebuyers are Fleeing to the ‘Burbs
Despite popular beliefs, the millennial generation will eventually want to transition from their fast-paced, renter lifestyle into a single-family home with a mortgage, but the real surprise is where these young homebuyers are choosing to settle down.
Read More »Uptick in Second Mortgages May be a Sign of Economic Stability
Given that most of the news about the homebuying market these past few years has focused on violate financial markets, up and down home sales, and fluctuating interest rates, it may seem easy to overlook a basic question—is anyone diving into the housing market for a second time and what does that mean for the economy?
Read More »The Age of Data Fusion: How Lenders Can Use Alternative Data to Score Borrowers
There are new segments of the population emerging that include millennials, minorities, immigrants, and rural dwellers, and the typical FICO score evaluation just won't cut it for lenders.
Read More »3 Ways Lenders Can Increase Their Purchase Mortgage Origination Business
Lenders One Interim CEO Dan Goldman sat down with MReport to explain why lenders are so optimistic in the housing market today and what they can do to reach untapped borrowers and grow their origination business.
Read More »It’s Not Your Father’s Mortgage Industry Anymore
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Paul Anastos, President of Mortgage Master, explains the evolution that the housing market has gone through over the last few decades and how lending has changed for the better.
Read More »Mortgage Applications Heat Up, but Refinances Cool Down
Stock market and Treasury yield volatility continued last week and so did the downward trend of mortgage rates, which opened up more opportunities for refinancing, but mortgage applicants did not take advantage of theses savings.
Read More »