Millennials-How-They Apply-for-mortgage-loan-survey
Mortgage Industry Trends

Millennials, Lending and Technology

With Millennials now entering the home buying market, lenders are looking for ways to best serve their needs. Some recent studies turned up some important and surprising results. For the most part, this new high-tech generation isn’t much different from prior generations when it comes to mortgages. Yes, this group is more tech-savvy and willing to use technology in their…

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Do-you-Know-your-Customer-millennials-baby-boomers
Mortgage Industry Trends

Do You Know Your Customer?

It’s important for any business to have a profile of the customers they serve. It’s no different in mortgage lending. Yes, it’s easy to think that a mortgage lender’s customer is obviously someone who is financing a home, but there’s a little more to it. That’s a little like thinking that everyone coming to a wedding will dance to the…

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home-builders-changing-course-building-houses
Mortgage Industry Trends

Home Builders Are Changing Course

Home Builders may be bucking the old adage to not change horses in the middle of a stream. With the ongoing uncertainty surrounding Millennials’ entry in home ownership, builders are once again courting good old Baby Boomers. The number of 55 and older homebuyers continues to increase. These are home buyers that have homeownership experience, stable income, assets and equity…

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60+ FHA Borrowers
Mortgage Compliance

Secondary Financing for 60+ FHA Borrowers

It is not a widely known fact that FHA allows (with advance approval) prospective borrowers that are 60 years of age or older to borrow the required funds to close for the purchase of a principal residence.  Of course, there are some strings attached but this little-known fact may be history once HUD/FHA implements its updated Origination through Endorsement Handbook…

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