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Gen Z Moving Into Mortgages

02.04.2020

Growing up during a recession has not discouraged Generation Z customers away from credit products, including mortgages, according to a study from TransUnion. Gen Z, or those born after 1995, have been influenced not just by favorable economic conditions, but technological advancements, TransUnion notes.

Prospective Buyers Set to be ‘Priced Out’ From Homeownership

01.27.2020

The National Association of Home Builders (NAHB) released its 2020 priced out estimates report and it casts an ominous shadow over the future fate of home prices. Data shows that if the average price for a new home raises by just $1,000, at least 158,857 homeowners would be entirely priced out of the housing market. 

Mortgage Applications Rise More than 30%

01.17.2020

According to the latest Mortgage Bankers Association's Weekly Mortgage Applications Survey, mortgage applications increased 30.2%. This report reveals statistics from the week ending on January 10 compared to the prior week. 

Are Baby Boomers Derailing the Housing Market?

01.09.2020

An editorial by the Los Angeles Times looks at the possibility of the housing market being derailed by the Baby Boomer generation. 

Inventory Woes Don’t Stop Pending Home Sales Uptick

01.03.2020

The National Association of Realtors announced that its Pending Home Sales Index (PHSI) rose 1.2% in November 2019, reaching 108.5 (An index of 100 is equal to the level of contract activity in 2001). Year-over-year contract signings increased by 7.4% during November.

Mortgage Outlook Forecasts Next Year’s Performance

12.18.2019

Today’s release of Fitch Ratings’ Global Housing and Mortgage Outlook for 2020 offers an if not overwhelmingly optimistic forecast for both Canadian and American mortgages, at least an assurance that mortgage performance will maintain a stable stasis in the coming year. 

Birchwood Credit Services and RIMBA Partner to Raise $23,000 for Veteran Housing

12.11.2019

One of our favorite parts of attending New England Mortgage Bankers Conference (NEMBC) hosted by the Massachusetts Mortgage Bankers Association (MMBA) is having the opportunity to support good causes via the NEMBC Gives Back program.

Fannie Mae: Positive Start to 2020 Housing

11.20.2019

Housing supported the larger economy in Q3 2019, but despite this growth, global political uncertainty poses a risk to the forecast tipping to the downside. The Fannie Mae Economic and Strategic Research (ESR) Group expects one more rate cut from the Federal Reserve in early 2020 before pausing for the remainder of the year, leading to an upgraded 2020 forecast for real GDP growth of 1.9%. Housing added to growth in Q3 into the Q4 and the first half of 2020.

The Housing Market’s Pending Changes

11.13.2019

Joe Mellman is the SVP and the mortgage business leader at TransUnion, overseeing the development and execution of the company's mortgage strategy and product suite. This includes a focus on helping mortgage and HELOC lenders improve their new customer acquisition, retention, cross-sell, loan product creation and refresh, origination, servicing, and capital markets functions. 

Refinance Share Among Millennials Hits All-Time High

11.11.2019

Refinances accounted for 33% of all loans closed by millennials in September—the largest share of refinance activity since Ellie Mae began tracking data in 2016. 

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