NEXT Voices
Pivotal Moments
Video conversations unveiling the life- and career-changing moments of industry luminaries.
Founder of Mortgage Champions; President & CEO at Vermillion Consulting
President and COO of FinLocker
Co-founder, CEO and chief ROI booster at Sales Boomerang
President at Lennar Mortgage
EVP at Guaranteed Rate
EXEC SPOTLIGHT
Rate FOMO may trigger home shoppers to buy
The near certainty that interest rates, combined with increased home buying power, will likely to send more buyers into the market, according to First American. “The fear of missing out, or 'FOMO,' on low rates and the potential...
Millennial demand continues to fuel housing market
The market for existing-home sales outperformed its potential by 10.4% or an estimated 662,000 (SAAR, or seasonally adjusted annual rate) sales, according to First American’s proprietary Potential Home Sales Model…
Builders finish 2021 on a strong note
Privately-owned housing units authorized by building permits in December 2021 were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate of 1,717,000 and 6.5% above the December 2020…
60% of sales involved bidding wars in December
Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, according to a new report from Redfin. That’s the lowest share in 12 months and down from a revised rate of 61.3% in…
Consumers tapping equity for home improvement
Americans are beginning to tap into record levels of home equity, according to the results of a new survey from LendingTree. On average, 48.59% of people seeking a home equity loan or HELOC across the nation’s…
Default indices show higher rates in December
The composite rate for the S&P/Experian Consumer Credit Default Indices rose three basis points to 0.40% in December 2021. The bank card default rate increased one basis point to 1.95%. The auto loan default rate was up…
UpEquity expands cash offer platform
UpEquity, the tech-enabled mortgage company creating a better way to buy a home, has expanded its platform into the California real estate market. With the addition of California, UpEquity is now licensed to do business in…
Black mortgage applicants denied 84% more than whites
Black applicants are denied a mortgage at a rate 84% higher than white applicants — a big jump from 2019, when the disparity was 74%. This is according to a Zillow analysis of data from the Home Mortgage Disclosure Act (HMDA)…
Glassdoor ranks Veterans United Home Loans one of best places to work
Glassdoor, a company that provides intel on jobs and companies, released its annual “Best Places to Work” list for 2022 and ranked Veterans United Home Loans No. 8. Mountain America Credit Union also made the list, ranking…
First-time homebuyer affordability drops
Falling rates pushed buying power for first-time homebuyers to a 14% year-over-year increase in the third quarter of 2021, according to Ksenia Potapov, economist at First American. However, with annual house price appreciation…
Watermark Bank moves to ease teacher shortage
An Oklahoma bank is taking unprecedented steps to ease the pressure on local public schools caused by the continuing COVID crisis. Watermark Bank co-founder, president and CEO, Matt Pollock announced via…
