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Talkin’ Bout My Generation

Millennials and Gen Zers Are Born Investors

Career
My Generation
Mortgage Banker
Tightening Credit Adds To Housing Affordability Struggles

Black Knight report says rates remain elevated, and worsening inventory shortages prop up home prices.

Analysis and Data
Investor Interest Levels Off

After a frenzied market during the peak of COVID, investor purchases are finally beginning to stabilize, not slow down

Analysis and Data
Investor Interest
Mortgage Banker
Face to Face

Underserved borrowers want local vs. online experience

Analysis and Data
Face to Face
Mortgage Banker
loanDepot Names Former CoreLogic Exec Its New CFO

David Hayes succeeds Patrick Flanagan; LDI Digital president, accounting & human resources officers also leaving.

People On The Move
Operations
Resilient Labor Market Adds 339K Jobs In May

Despite 15% increase in new jobs from April, unemployment rate rises to 3.7%.

Analysis and Data
6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

Regulation and Compliance
Redfin: Pending Home Sales Down 17% YOY

Mortgage rates at 7-month high, lack of listings sidelining homebuyers.

Analysis and Data
FirstClose Announces Management Realignment

Tim Smith named chief strategy officer; Craig Austin promoted to chief revenue officer.

People On The Move
Freddie Mac: Mortgage Rates Jumped Up This Week

Both 30-year and 15-year fixed rates rose more than 20 basis points.

Analysis and Data