An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

Mortgage

Millennials start to move out of their parents’ houses

… but still not buying

Although millennials are moving out from their parents’ homes, they are still not buying their own places. According to an article in CNBC, they are choosing to rent instead.

Millennials will spend $1.6 trillion on home purchases and $600 billion on rent over the next five years, more per person than any other generation, with more of them opting for more affordable rents versus paying the big price tags to buy homes.

While most millennials aspire to be homeowners, the article explained that the difference between them and other generations is that their time horizon for home ownership will be shorter.

"One important difference between millennials and young adults in previous decades is the unique financial challenges of home ownership today, resulting from graduating into a weak job market with growing student loan debt," said Jeremy Burbank, a vice president at The Demand Institute and Nielsen. "Many millennials are open to alternative approaches to housing finance, including single-family rentals and rent/own hybrid contracts such as lease-to-own."

 

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3d rendering of a row of luxury townhouses along a street

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