Millennials and Gen Z have become increasingly prevalent in the housing market. But to get there, they’re still turning to the “Bank of Mom and Dad.” And that’s having a ripple effect on their Boomer parents.
Category: News and Trends
MBA Chart of the Week: Mortgage Delinquency and Foreclosure Rates
Last week MBA released its latest National Delinquency Survey for the fourth quarter. Mortgage delinquencies track closely to the U.S. unemployment rate, and with unemployment at historic lows, it’s no surprise to see so many households paying their mortgage on time.
The Week Ahead
Two down; more to come: the Mortgage Bankers Association’s busy 2020 conference season continues next week in Orlando with the MBA Servicing Solutions Conference & Expo.
(Sponsored Content) Are Today’s Mortgage Servicers Ready for Gen Z?
Generation Z is beginning to enter the housing market and pay mortgages of their own. In order to prepare, servicers must address their unique needs.
Don’t Get Caught Without the Right Bench Strength: Risks All Servicers Face When Insourcing Hazard Insurance Claims
The last decade has been good to the mortgage industry. In fact, we have gone an entire decade without a recession. Following the last mortgage crisis of 2008 that brought the entire industry to its knees, we have seen a strong return with high home values and vibrant lending and origination activity.
John Vong, CMB, CMT, on eExams and Lending Compliance
John Vong, CMB, CMT, is president and co-founder of ComplianceEase, Burlingame, Calif., and a frequent contributor to MBA NewsLink.
Matt Johnner: ‘The Last Frontier of Lending’
Today, everything from mortgage lending to online banking uses technology to help save time. In the past few years, technology has gone from a luxury to a necessity and with that shift has come a flood of new technologies that automate nearly every process out there. This is also true of mortgage lending.
People in the News
SAN DIEGO–The Mortgage Bankers Association awarded Freddie Mac Multifamily with the 2020 Commercial/Multifamily Diversity and Inclusion (D&I) Leadership Award.
Mortgage Vendor News & Views with Scott Roller
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The theme for today’s article is impeachment.
Industry Briefs
First American Financial Corp., Santa Ana, Calif., a provider of title insurance, settlement services and risk services for real estate transactions, and Docutech, a provider of document, eClose and fulfillment technology for the mortgage industry, signed an agreement for First American’s acquisition of Docutech.