Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbo

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

Mortgage

Who are the homebuying Millennials?

Infographic shows everything you need to know

What does a Millennial homebuyer truly look like?

This highly discussed generation is frequently defined in the housing industry, and looking at several reports, they are ready to jump into homeownership.

Endeavor America Loan Services, a mortgage company based in Walnut Creek, California, surveyed loan application data collected from more than 5,400 Millennials in 2014 to gain a true picture of this increasingly important homebuyer.  

The average Millennial is 28 and has been at their current job for 3 years.

Click the infographic for the rest of the data:

Housing

Source: Endeavor America Loan Services

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The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

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

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