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


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


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


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


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. 

The Fed Drops Interest Rates for Third Time in 2019


For the third time in 2019 the Federal Reserve slashes interest rates, dropping its benchmark lending rate Wednesday by another quarter of a point. 

The Migration Patterns of Homebuyers


Redfin reports that 26% of home searches were in another metro during Q3 2019—a new all-time high and an increase from last year’s 25%.

How a New Generation of Buyers Will Impact the Housing Market


Commentary from Forbes says the American housing market is on the verge of the largest housing boom on record, and with an insider saying the market can thank the millennials. 

Uptick Reported for Mortgage Activity


The Mortgage Bankers Association reported that applications increased 5.2% from the week prior for the week ending on October 4. 

Homebuyers Feeling the Burden of Medical, Student Debt


Zillow’s 4th Annual Group Report on Consumer Housing Trends found that prospective home buyers with medical debt are more likely to be denied a mortgage, while those with student debt put off buying a home. 

Gen Zers Entering Housing Market


Transunion’s Q2 2019’s Industry Insight Report found that Gen Zers, or those born in 1995 or after, saw their share of credit in mortgages rise by 114% in the quarter. 


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