Items Tagged with 'Homeownership'

ARTICLES

The Great Baby Boomer Retirement Plan: Downsize your life

Merrill Lynch study shows generation increasingly looks to rent
Baby Boomers are preparing for retirement and as they do, the generation is looking increasingly to downsize. Nearly half, in fact, are giving up on the dream of homeownership entirely. As humans live longer, many must consider a wide range of course corrections in order to enjoy a secure retirement.
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Key to Millennial homeownership: Education

UWM says mortgage industry should do more to educate first-time homebuyers
A new study from United Wholesale Mortgage shows Millennials want to enter the housing market, but don’t know that they can. UWM explained the market needs to step up its game when it comes to first time homebuyers.
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From HW Magazine

Unlocking the door to homeownership

Two programs strike a delicate balance between access and quality
Almost a decade after the housing crisis, many responsible potential homeowners remain locked out of the market. But recently there have been a pair of hopeful developments that may be key to opening doors to homeownership for qualified first-time and underserved buyers. Fannie Mae and Freddie Mac have unboxed two long-anticipated initiatives designed to make credit more available to deserving potential buyers without compromising standards. Importantly, these are not politically driven affordable lending programs. 
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The advantages of hiring a diverse workforce

Why servicers should be focused on recruiting Hispanics
As the United States undergoes a seismic demographic shift to a younger, more ethnically diverse population, mortgage lenders and servicers who want to grow the scope and quality of their business need to reflect that diversity in their workforce.
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From HW Magazine

Ellie Mae's Millennial Tracker prepares lenders to serve young homebuyers

Provides insight into lending trends
The mortgage industry is poised to experience a monumental shift as more Millennial homebuyers begin to enter the market. There are roughly 87 million would-be homebuyers in the Millennial generation and 91% of them say they intend to own a home one day. Lenders must prepare today to meet their needs.
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