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.
Category: News and Trends
GSEs Publish Joint Enterprise Credit Score Solicitation
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac published a Joint Credit Score Solicitation.
Mortgage Applications Down in MBA Weekly Survey
The 2020 honeymoon couldn’t last forever: after a blazing start to the new year, mortgage applications finally took a downturn this week in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 14.
February Builder Confidence Dips Slightly, Remains ‘Solid’
Builder confidence for newly built single-family homes fell by one point to 74 in February, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Encouraging Signs for Black, Latinx Homeownership Rates
After hitting historic lows during the Great Recession, African American homeownership in the U.S. has rebounded promisingly, said Zillow, Seattle, marking what it suggested was “perhaps the start of a recovery.”
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.
MBA: January New Home Purchase Apps Surge Month over Month, Year over Year
Mortgage applications for new home purchases started the new year on a strong note, posting solid increases from both a month ago and a year ago, the Mortgage Bankers Association reported this morning.
MBA Advocacy Update
Last week, the Trump administration released its annual budget proposal for fiscal year 2021. In addition, Fannie Mae, Freddie Mac and Ginnie Mae announced a new certification requirement associated with submission of the Quarterly Mortgage Bankers’ Financial Reporting Form; and Federal Reserve Chairman Jerome Powell testified before the House Financial Services and Senate Banking Committees on current monetary policy and the state of the economy.
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.
(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.