A new report released by the Woodstock Institute shows that women in the Chicago area are almost 15% less likely to qualify for a mortgage then their male counterparts. This is generated questions across the industry about whether this data could be true for other locations. Unfortunately, the data collected for this research report don’t show any of the basic…
July 2015
There is no doubt that the millennial generation has a lot of interest in buying a home or potential purchase power, but this has not yet translated to tangible results in terms of mortgage loan application approval. Despite the fact that many millennials report wanting to own a home, they still have not made a splash in terms of making…
Those in the lending industry heaved a sigh of relief when the Consumer Financial Protection Bureau announced that TRID implementation would be put off by a couple of months. Lenders, who had been trying to digest what the changes would look like in their organizations, were preparing for change in August. With the quick ramp up, many lenders were already…