Three things to keep an eye on this month
Spring is coming, and with it generally comes the busiest time of the year for the mortgage and real estate industries. Every month, Mat Ishbia, president and CEO of United Wholesale Mortgage shares some things that originators should notice and this month, it’s all good news.
- Housing Values will Continue to Rise
Data indicates that home values won’t rise as quickly as they have in the past, but there’s no sign that housing values will slow down at any point in the near future. This is good news for originators who are looking to serve borrowers with significant equity in their homes and can use it in a number of ways.
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Broker market share hits a nine-year high
2018 was a fantastic year for mortgage brokers, who have grown both in numbers and in market share. Consumers and realtor partners are being more widely educated on the value of using brokers during their home buying process, and organizations will continue that push for awareness. UWM itself has been very vocal in its support of mortgage brokers, and expects the channel to grow to control between 17%-20% of market share in 2019.
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Freddie Mac’s new down payment resource
This new program helps originators find down payment assistance programs for buyers that are available in a specified area. What’s more, the results aren’t just limited to their Home Possible plan.
See Ishbia discuss these points here.
