In anticipation of three rate hikes in 2018, homebuyers are rushing to buy their new home before the Fed's axe drops. Capital Economics monthly housing report anticipates this demand will be short lived and that come June, those numbers will fall.
Homebuyers are increasingly looking to texting as a way to communicate with housing professionals on the go during the home buying process, however, certain topics are off-limits for this method of communication. A new Ellie Mae study found that while the demand for communicating by text increased, less homebuyers prefer to communicate through email.
OfferPad, which buys homes directly from homeowners through its own platform, is expanding again and plans to keep growing. The company currently operates in Atlanta, Phoenix, Tampa, Orlando, Las Vegas, Salt Lake City and Los Angeles. And now, OfferPad is expanding to Charlotte.
Access to smartphones is redefining consumer expectations and getting a mortgage is a “wildly different” experience for homebuyers when compared to other online transactions. And not in a good way, according to Fannie Mae CEO Timothy Mayopoulous. “With Amazon shopping one click away and streaming Netflix on your smartphone, looking for a mortgage is a wildly different digital experience,” he said in an interview this morning after reporting another profitable quarter.
Trulia’s new study shows that despite rising home prices, it is still cheaper to buy a home than to rent. While there’s talk about a rate hike this year, Trulia explains why potential homebuyers shouldn’t be concerned.
Homebuyers need to be prepared to act and act fast, as homes are "flying off the market" at speeds not seen in six years, a new report from Zillow shows. Here's the full scoop on why now, like right now, is the time to buy.
Millennials represent a huge population of untapped potential when it comes to homebuyers. As Millennials get older and start thinking about buying a home, lenders struggle to connect with this generation. This is the perfect example.
It’s no surprise that various entities maintain homebuyer education tools available for consumers, including the Consumer Financial Protection Bureau, Fannie Mae, the Mortgage Bankers Association, and others. But a new homebuyer education tool is coming, from another source – a private mortgage insurer.
Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.