Record Low Share of First-Time Homebuyers Amid Rising Age Trends
The median age of first-time homebuyers has reached a historic 40 years, highlighting changing demographics and financial trends in the housing market.
The median age of first-time homebuyers has reached a historic 40 years, highlighting changing demographics and financial trends in the housing market.
Sun West Mortgage Co. has initiated legal action against First National Bank of Pennsylvania over two reverse mortgages exceeding $850,000, involving Fannie Mae.
Private lenders should note that MSR pools focused on lower-rate notes reduce customer retention concerns, explains Allen Price, SVP of Sales and Client Management.
Five proven borrower workout strategies every private lender needs—loan mods, forbearance, repayment plans, deed in lieu, and short sales explained.
Newrez aims to enhance growth by concentrating on closed-end second mortgages and utilizing broker expertise to address emerging market needs.
Cheryl Travis-Johnson, COO of VRM Mortgage Services, champions innovation and advocates for underrepresented communities, leaving a lasting impact in the mortgage industry.
Understanding homebuyer affordability requires a deeper look beyond just rates and prices. Key factors include borrower finances, cash flow, and debt-to-income ratios.
New buyers of MBS could positively impact the industry, though concerns arise about the GSEs' suitability for this pivotal role in the market.
Discover how rising costs influence homeownership and why strategic planning for repairs and warranties is crucial for maintaining the American Dream.
Homebuyer contract signings held steady in September amid ongoing affordability challenges and economic uncertainty, impacting private lenders' strategies.