Business Building Center
Building a Digital Strategy to Drive Growth in Hispanic Homeownership
Across the United States, Hispanic homeownership is growing at a record pace. Fueled by young first-time homebuyers, the rate has continuously increased since 2014, reaching 48.4% in 2021. Looking at data from the 2021 State of Hispanic Homeownership Report...
Build a Successful Purchase Market Playbook
The Mortgage Bank Association (MBA) has predicted a 9% growth in purchase mortgage originations, leading to a new record of $1.73 trillion in 2022. The MBA's Mortgage Finance Forecast predicts purchase mortgage originations will be at least 70% from Q2 2022 and...
Building Bridges To Increase Black Homeownership
As homebuyers across the country grapple with an affordable housing crisis, there’s an even larger issue facing the mortgage industry - the disproportionate homeownership gap between Black and White Americans. According to the U.S Census Bureau, the homeownership...
Can Technology Solve for Inclusion in the Housing Industry and Affect Equitable Wealth Building?
Access to credit and housing is increasingly detached from those who need the most assistance. Approximately 63 million adults in the US are unbanked or underbanked with no on-ramps into the financial system. As a financial technology firm focused on financial...
Breaking Down the Barriers to Increase Hispanic Homeownership
The Hispanic homeownership rate is on the rise. As National Hispanic Heritage Month runs September 15 through October 15, it is an opportune time to take a deeper look at this growing market of homebuyers using data primarily from the 2020 State of Hispanic...
Strategies to Help Homebuyers Close On Their Home With Confidence
Despite the requirement to provide closing disclosures to inform homebuyers of their transaction costs, many homebuyers are so focused on finding a home and closing quickly that they often overlook the details and arrive at the closing table, surprised by the...
Advantages of Using Alternative Credit Data to Improve Access to Homeownership
Our recent celebration of Labor Day traditionally pays tribute to the contributions and achievements of American workers. Yet, for the millions of American workers who are credit disadvantaged they are unable to achieve the American dream of homeownership....
Helping Homeowners Experiencing Financial Hardship
As the COVID-19 pandemic wears on, putting jobs at risk if the economy slows, approximately 1.86 million homeowners remain in forbearance, with 65% of active plans set to expire by the end of 2021. With 750,000 of these active forbearance plans due to expire by the...
How Student Loan Debt Impacts Homebuying
With 54% of students requiring financial assistance to pay for their higher education this past year, the burden of student loan debt continues to grow in the trillions and weighs heavily on individuals after graduation. Many graduates are concerned that student...
Is Your Mortgage Business Ready to Pivot to Purchase?
At the start of the year, industry analysts predicted that production would pivot from predominantly refinances to purchase around the middle of the year. Recent MBA Origination Insight Reports have begun to show the scale starting to tip towards purchase loans....
How the FHFA Decision to Consider On-Time Rental Payments Can Help More Renters Qualify for a Fannie Mae Mortgage
The Federal Housing Finance Agency recently made an announced that can help renters aspiring to become homebuyers improve their mortgage eligibility. Effective immediately, on-time rental payments will now factor into Fannie Mae's underwriting calculations, and...
Improve Your Odds Playing Lead Roulette
As refi mortgage applications fluctuate weekly and many homebuyers decide to wait for home prices to become more reasonable, mortgage leads are getting more competitive and expensive. Demand for paid mortgage leads, which are predominantly refinancing leads, has...
How the Housing Crunch Is Hurting FHA and VA Homebuyers
Homebuyers who are making an offer using FHA financing (9.6% of applications for week ending July 16, 20211) or VA financing (10.5% of applications for week ending July 16, 20211) are finding it difficult to compete against buyers who are financing using a...