Posted To: Pipeline Press
"I like to party. And by 'party' I mean take a nap." Lots of folks are taking naps this week, but those on the production side of residential lending are talking, off the record, of being worried about huge drops in pipelines, lower applications (no MBA survey this week - it is closed), and layoffs in the first quarter. Others view the 1st quarter as giving them the opportunity to make key strategic moves. Stay tuned! Of course, plenty of first time home buyers, not necessarily millennials, use the internet to do their initial house and lender search, and then actually use an agent and a loan officer for the task. And they'll need ducats! Research by Bank of America Merrill Lynch finds millennials (per the Census Bureau born between 1982 and 2000) will inherit $40 trillion...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2iEmYdF
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