The American dream of homeownership is not dead for Generation Z and Millennials, but they believe their path to get there will be challenging and may require some luck, reported Zillow, Seattle.
Category: News and Trends
Bob Caruso of ServiceMac LLC: Servicing Strategies in a Heightened Compliance Environment
Over the past two decades, regulatory and investor guidelines have become much more nuanced. In addition, maintaining on-going compliance to the rules and audit guidelines has been challenging given servicers’ day-to-day responsibilities. Servicers have had to become more agile and look for ways to update processes and implement changes quickly to reduce the risk of non-compliance.
Tracy Freese of Help With My Loan: Why AI Is a Game-Changer for the Mortgage Industry
Over the past few years, AI has become widely used across many industries, including finance. Artificial intelligence technologies are rapidly becoming better, able to take on tasks that are more complex. AI technologies also getting more specific to certain applications. Now, for example, you can leverage AI lending software to intelligently process mortgage documents.
Sponsored Content from First American Data & Analytics: Upgrading Your Tech Stack–Don’t Overlook Data Quality
Data plays a critical role in lending decisions. It’s important to understand how it powers your solutions and why quality matters.
MBA/Urban Institute Report Finds IMB Lending to Minority Neighborhoods/Borrowers Exceeds Banks
A report by the Urban Institute, commissioned by the Mortgage Bankers Association, found independent mortgage bank lending to low- and moderate-income neighborhoods, predominantly minority neighborhoods and LMI predominantly minority neighborhoods is much higher than bank lending in those neighborhoods.
MISMO Seeks Members for Verifiable SMART Doc 3.0 Profile Development Workgroup
MISMO®, the real estate finance industry standards organization, encourages members to join the Verifiable SMART Doc® 3.0 Profile workgroup to hear about the latest efforts, to collaborate and contribute to MISMO work efforts.
Quote: Apr. 21, 2023
“So far, the supply picture has improved only marginally as the spring selling season has gotten underway. Even if buyers are able to digest higher financing costs, finding a home to purchase remains a major constraint. The vast majority of homeowners with a mortgage are holding on to rates well below those which prevail currently. Scarce inventory only compounds the problem, as many sellers also tend to be buyers.”
–Charlie Dougherty, Economist with Wells Fargo Economics, Charlotte, N.C.
Zillow: Younger Generations Believe in Homeownership, But Don’t Know How To Achieve It
The American dream of homeownership is not dead for Generation Z and Millennials, but they believe their path to get there will be challenging and may require some luck, reported Zillow, Seattle.
STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.
MISMO Seeks Members for Verifiable SMART Doc 3.0 Profile Development Workgroup
MISMO®, the real estate finance industry standards organization, encourages members to join the Verifiable SMART Doc® 3.0 Profile workgroup to hear about the latest efforts, to collaborate and contribute to MISMO work efforts.