Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Real Estate

Single women now make up second largest homebuyer group

Why women’s purchasing power will keep growing

According to MGIC Connects’ infographic Look Who’s Buying Her First Home! single women are the next largest home buying group after married couples.

Whereas married couples hold the largest home buying position with 54%, single women come in second with 18%, followed by unmarried couples with 15%, single men with 11% and other with 2%.

And the statistics are showing that it only goes up from there, according to MGIC. About 45% of Millennial women ages 18 to 24 are enrolled in college, compared to 38% of men in that same category, according to data from Pew Research Center. Also, about 38% of Millennial women ages 25 to 32 have a bachelor’s degree, compared to 31% of men in that category.

That being said, about 36% of single women live at home with their parents or relatives, according to Pew Research Center. That is at its highest level since 1940.

The median age of single women homebuyers is 32 years old, according to the National Association of Realtors’ 2015 Profile Buyers & Sellers. The median income for single women first-time homebuyers is $49,000.

Whereas single women may be a growing force, homes owned by single men have a 10% greater value, and appreciate 16% more than homes owned by single women, according to an analysis released today by RealtyTrac, a source for comprehensive housing data.

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FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

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Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders exit COVID-19 plans at the beginning of the month, according to the MBA.

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

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