Kelly White is the vice president of strategic growth at Sente Mortgage. White is a certified business professional and has built a national identity as an entrepreneur, master trainer, business coach, mentor, advisor, role model and leader. She has more than 20 years of executive level experience and accomplishments in the real estate and mortgage industries. She is known by others as a transformational leader who strives to help organizations change and innovate while helping individuals transform through their own personal development.
Every generation faces defining economic events that alter their collective perspective. For Millennials, their coming of age moment occurred during the largest housing market downturn in American history. The housing market coupled with the ubiquitous availability of real estate and market information online has created a new era of homebuyers in Millennials. These tips will help you navigate how to help them as a lender.
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.