The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real Estate

Study: Most first-time homebuyers feel overwhelmed and underprepared

47% said they think the homebuying system is "rigged" for first-time buyers

Although homebuying is a sign of independence and a big step in many people’s lives, a new report from Framework shows that homebuyers wish they were better educated about the process before embarking on their real estate journey.

The study found that only 41% of first-time homebuyers felt they were well prepared for the homebuying process, while 55% said they felt they wished they had an independent advocate to coach them through the process of homebuying and homeownership. 

Speaking of preparation, the study found that 54% of recent first-time homebuyers and 62% of prospective first-time homebuyers said they wished they looked for a house sooner rather than later.

Meanwhile, almost half of first-time homebuyers even said that they think that the homebuying process is “rigged” against the buyer. 

Northwestern Mutual’s 2019 Planning and Progress Study recently showed that 22% of Americans said their main source of debt was their mortgage. Framework found that 57% of first-time homebuyers worry they can’t afford homeownership. 

Of recent first-time homebuyers, 64% said they came out of the process knowing more about the financial burden of homeownership than before they even began the process. Only three in 10 of recent first-time homebuyers said they took a homebuying or homeownership class before they bought their home. 

In July, a study from Freedom Debt Relief showed that of the 1,028 people surveyed, 29% said homeownership makes them feel anxious and stressed, while 26% said the cost of owning a home is a burden and they wished they were renting instead. In April, The National Association of Realtors and realtor.com said that first-time homebuyers can afford only 20% of housing stock in some of the nation’s housing markets.

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UWM announces Bolt underwriting system for brokers

In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

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

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