Gen Xers Borrowing More So Than Millennials

Mortgage borrowers today are more often Gen X than millennial, according to a recent survey by NAMB – The Association of Mortgage Professionals. The majority of NAMB members surveyed reported millennials account for only as much as 25 percent of their customer base, compared to Gen Xers who comprised as much as 75 percent. “There’s a […]

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Study: How Have Borrowers Made Out Since the December Rate Hike?

Borrowers on the whole were able to accommodate the interest rate hike initiated by the Federal Reserve in December, with most successfully continuing to manage their monthly payments after the rate went up, according to a recent analysis by credit reporting agency TransUnion. Of the 63 million borrowers assessed in the analysis—borrowers whose monthly payments […]

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Survey: Mortgage Borrowers Want Best of Both

Sixty percent of consumers recently surveyed by the American Bankers Association (ABA) prefer to apply for a mortgage in person, despite the existence of technology that eliminates the need for human interaction. Just 17 percent prefer to apply for a mortgage online. Only 34 percent consider their knowledge of the mortgage process “above average” or […]

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