Millennials and Mortgages- the two words that seem to be on everyone’s mind recently. As a professional Millennial working in the mortgage industry, I’d like to offer a first-hand account of what we see and encounter in the Mortgage and home buying process. I’ll share my perspective of my own home buying experience throughout several posts this year, and hopefully…
Why Regtech is a Necessity for Reducing the Cost of Managing Mortgage Loan Quality This overview of our “Regtech Explained” whitepaper is an invitation to read our latest whitepaper on Regtech. The full whitepaper is free and shows how the mortgage industry has struggled with loan quality for decades and explains that the problem is only getting worse. Even as more…
In a recent article published in the Scotsman Guide, I predicted that last year would be the biggest year for mortgage consolidations since 1994. The prediction was correct but, for different reasons. While I expected a significant increase in the range of interest rates, the loss to the mortgage industry was caused by somewhat higher interest rates resulting in squeezed…
Everyone is always looking for some positive signs when it comes to business and the economy; mortgage lenders are no different. So, let’s consider the recent results of the Fannie Home Purchase Sentiment survey as a glass half full. According to the Home Purchase Sentiment Index (HPSI), the net share of consumers who think that “now is a good time…
Another year, another year older for the Millennial generation. They are now in their prime home-buying years and finally coming to market. According to recent activity, 45% of the purchase loans were made to Millennials versus 43% in December. Conversely, loans made to all other generations declined during the same period from 57% to 55. Millennials buying homes is a…
The dreaded tax filing deadline is fast approaching and this year it also serves as the date that the 3 major repositories will drop the reporting of outstanding tax liens from their credit reporting. As of April 16th, outstanding tax liens against consumers will no longer appear on a credit report pulled by a lender to make a mortgage loan,…
