True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

Mortgage

Here come the 75 million homebuying Millennials

Infographic: What should you expect?

Out of 75.3 million Millennials, 93% want to own a home in the near future, so brace yourself – they're coming.

Millennial

Millennials range from 18 to 29 years old and come with their own set of priorities, which makes sense. They were raised in a completely different environment than earlier generations.

Young adults would much rather spend money on travel than on things, and they value a passion over a paycheck.

This chart from Mortgage Master gives a representation of what to expect from this upcoming generation.

Click to enlarge

Mortgage Master

(Source: Mortgage Master)

However, keep in mind, while there are similarities within the generation, don’t forget that every person is different. Be sure to talk to individual potential borrowers to understand their unique situation.

As it stands, Millennials do not understand a lot of the intricacies about housing, but that doesn't mean that they won't soon be ready to buy.

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

Log In

Forgot Password?

Don't have an account? Please