The Smart Team of NOVA® Home Loans

Vendor Updates; Servicing: Who's Brokering, Buying, Selling, and Why?

Posted To: Pipeline Press

In a recent survey, 97% of millennials said that they were tired of being surveyed. Seriously, well that probably is seriously, according to a new TransUnion survey , 42% of millennials (born 1982-2000) are delaying buying a home because of the December 2016 interest rate hike. Really? How about because not a lot of 26-year-olds have saved up the money for a down payment, or don’t know where they’ll be living in two years? I’ll stop being flippant. Yesterday’s tax proposal won’t help either. Per NAR, by doubling the standard deduction and repealing the state and local tax deduction, the plan would effectively nullify the current tax benefits of owning a home for the majority of tax filers. Analysts thinks the odds of it passing are nil. Servicing Trends The pace of servicing sales has certainly…(read more)

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Source: Mortgage News Daily

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