Tony Taveekanjana: 2020–The Year of the Millennial Homebuyer

Of all generations, millennials represent the single largest buying pool. Yet, across the industry there is a common belief that millennials aren’t interested in buying homes right now. Most lenders attribute this to affordability, high student debt, the appeal of metropolitan life and less loan availability.

Industry Briefs

Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.

People in the News

Planet Home Lending LLC, Meriden, Conn., hired Jim Bopp as vice president of national renovation lending. He will manage Planet’s retail and correspondent renovation loan programs, including FHA 203(k), VA Alterations and conventional loan offerings.

2019 Home-Flipping Reaches 8-Year High; Returns at 8-Year Low

ATTOM Data Solutions, Irvine, Calif., released its year-end 2019 U.S. Home Flipping Report, which showed 245,864 single family homes and condos in the United States flipped in 2019, up 2 percent from 2018 to the highest point since 2006.

Tony Taveekanjana: 2020–The Year of the Millennial Homebuyer

Of all generations, millennials represent the single largest buying pool. Yet, across the industry there is a common belief that millennials aren’t interested in buying homes right now. Most lenders attribute this to affordability, high student debt, the appeal of metropolitan life and less loan availability.

Industry Briefs

Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.

People in the News

Planet Home Lending LLC, Meriden, Conn., hired Jim Bopp as vice president of national renovation lending. He will manage Planet’s retail and correspondent renovation loan programs, including FHA 203(k), VA Alterations and conventional loan offerings.

Mortgage Applications Jump in MBA Weekly Survey

The unofficial start of the spring home buying season began with a bang, as mortgage applications jumped more than 15 percent from the previous week and key interest rates hit a seven-year low, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Feb. 28.