MReport July 2018

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12 | TH E M R EP O RT FROM THE SOURCE SHARE THIS VETERANS & ACTIVE MILITARY HOME BUYERS PROFILE BY NATIONAL ASSOCIATION OF REALTORS The National Association of Realtors (NAR) Research Group has released a new report entitled "Veterans & Active Military Home Buyers Profile." To give a little perspective, active-duty military make up 2 percent of all American homebuyers. Veterans make up 17 percent, and 81 percent are nonmilitary. The average active-duty military home buyer is quite a bit younger than the average nonmilitary homebuyer—34 years old for active military versus 42 years old for nonmilitary. Active-duty military homebuyers are also more likely to be married, have multiple children living in the household, and purchase a larger home than nonmilitary homebuyers. NAR compiled this data through a 131-question survey using a random sample weighted to be representative of sales on a geographic basis to recent home buyers. The data used for this report is an aggregation of all of the responses from the 2015, 2016 and 2017 HBS survey, totaling 20,130 responses. To view the full report, visit NAR.Realtor. READ THIS THE CULTURE CODE: THE SECRETS OF HIGHLY SUCCESSFUL GROUPS by Daniel Coyle Anyone who has ever left a job due to a frosty work environment can attest firsthand that office culture matters. However, though most managers realize building a good team atmosphere is a crucial part of business success, doing so is easier said than done. The Culture Code takes the guesswork out of this process by examining what some of the world's most successful teams—including the U.S. Navy's SEAL Team Six, IDEO, and the San Antonio Spurs—have in common. Author Daniel Coyle works as an advisor to the Cleveland Indians and is The New York Times bestselling author of The Talent Code, The Little Book of Talent, The Secret Race, Lance Armstrong's War, and Hardball: A Season in the Projects. "The Culture Code is a step-by-step guidebook to building teams that are not just more effective but happier. Whether you lead a team or are a team member, this book is a must-read," Laszlo Bock, CEO of Humu and former SVP of People Operations at Google, said. WATCH THIS THE BORROWER OF THE FUTURE— ROUNDTABLE How are changing demographics affecting homeownership? Freddie Mac's Borrower of the Future campaign will help mortgage lenders better understand and address the evolving needs of the next generation of consumers driving housing demand. Freddie Mac has partnered with Arun Sundararajan, a professor at New York University, for this initiative. Sundararajan will provide insight into how digital technologies and the future of work change the dynamics of homeown- ership, leveraging research and expertise to advance the initiative's efforts further. At a roundtable to launch this initiative, Sundararajan along with Chris Boyle, Chief Client Officer, Freddie Mac; Dave Lowman, EVP, Single-family, Freddie Mac; and Steve Kutz, Editorial Director of Dow Jones Custom Studio, discussed the trends and cultural forces transforming America and the way people think of the homeownership. You can watch the roundtable on Freddie Mac's YouTube channel. TWEET THIS @DIETZ_ECON As Chief Economist and SVP of for Economics and Housing Policy at the National Association of Homebuilders (NAHB), Dr. Robert Dietz's responsibilities include housing market analysis, economic forecasting and industry surveys, and housing policy research. Dietz has published academic research on the private and social benefits of homeownership, federal tax expenditure esti- mation, and other housing and tax issues in peer-reviewed journals, including the Journal of Urban Economics, Journal of Housing Research, the National Tax Journal and the NBER Working Paper series. Get direct access to his work, as well as NAHB's recent findings by following @dietz_econ. Recent posts include the latest single-family home construction numbers, as well as a shout out from Vice President Mike Pence who met with representatives from NAHB at the White House. After Prime • 24 mo. f rom credit event • Up to $3 million loan amount • 90% LTV available, no MI • Bank statements for income • Interest-only available MAGGI Plus The new Alt-A • 90% LTV available, no MI • Up to $5 million loan amount • Down to 500 credit score, O/O & N/O • Bank statements for income • Foreclosure, short sale & BK okay • No reserves NON-PRIME Before Hard Money • Foreign nationals • Stated income - DSCR • Business purpose • Interest-only available • Below 500 credit score okay ODF ® Outside Dodd Frank 949-900-6630 For mortgage professionals only. This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with local laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice. Citadel Servicing Corporation is an Equal Opportunity Employer and does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, disability, veteran status, or other classification protected by law. ® Wholesale / Correspondent Non-Prime Lending

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