Posted To: Pipeline Press
"You never realize how many people you hate until you have to name a baby." Plenty of folks in their 20s and 30s are, of course, having babies and buying homes – why rush either? Most in that age group are weary of being studied by marketing firms or surveyed by pollsters. But in one example, Qualtrics research finds 53% of millennials now own homes and 88% of those who do not yet wish to do so in the future. A problem is money: If someone is paying a lot of rent, it's tough to save up for a down payment - more on what lenders and LOs are doing about it below. With Freddie making $1.7 billion and Fannie making $3.2 billion in the 2nd quarter, the Agencies must be doing something about it. Trends in Down Payments, DPA programs, and Rent Fannie and Freddie began offering 3%...(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/2hqGlLB
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