Millennials Contribution in The Mortgage And Home Buying Market

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In: New Home Mortgage News

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Millennials make up the fastest-growing segment of buyers today as they are ending their leases, and many of them are buying houses.  According to a recent report of the National Association of Realtors, the millennials who are in their lateContinue Reading

Will the mortgage market hit a crisis in 2021 like in 2000?

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:49 pmDuring the US mortgage bubble of the early 2000s, US citizens were taking cheap mortgages, but then defaulted on them ultimately causing a crash in the US housing market. The ripple effectContinue Reading

Ginnie Mae Borrowers Weigh Heavily On U.S. Mortgage Market

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:08 amAccording to the Monday report by Mortgage Bankers Association, compared to conventional ones, double the number of Ginnie Mae borrowers have demanded forbearance. MBA data shows Ginnie Mae has a higher share of forbearance ie.Continue Reading

The mortgage market shows a huge gap in wealth inequality

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In: Mortgage News

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Last updated on June 24th, 2021 at 04:37 pmThe U.S. mortgage market shows a widening gap between borrowers who are taking full advantage of record-low rates while protracted unemployment drives serious delinquencies to their highest levels since 2010. According toContinue Reading