Enter your e-mail address and password below.
A survey released today of mortgage lending professionals
conducted by an independent research firm finds that 94 percent of lenders
expect mortgage purchase originations to increase in 2017. Further, most
lenders believe much of the increase in purchase production will come from
first-time homebuyers, with 59 percent of those surveyed saying that purchases
by first-time homebuyers will increase in 2017.
The survey results are included in the second annual Lenders
One Mortgage Barometer and were gathered online through a random sampling of
200 mortgage lenders. Interestingly, the survey shows that the vast majority of
lenders (93 percent) are already originating non-QM loans and that there is
increased interest in jumbo loans, with 91 percent of lenders predicting that
their jumbo-loan volume will increase significantly in 2017.
Not surprisingly, lenders see “robust” opportunities this
year in younger homebuyers, with Gen-X (ages 35-50) edging out millennials (ages
18-34) in the estimation of the lenders surveyed. Gen-X homebuyers were cited
by 86 percent of lenders, while millennials were mentioned by 85 percent of
respondents. The millennial percentage increased from 79 percent the previous
Significantly, 83 percent of lenders also mentioned
boomerang buyers — borrowers who have suffered through a bankruptcy or
foreclosure event but who can once again qualify for a mortgage — as offering
opportunities to originators this year. This group only garnered mentions by 68
percent of respondents the previous year.
Will McDermott is editor of the Scotsman Guide
Residential Edition. He can be reached at firstname.lastname@example.org.
Questions? Contact Victor Whitman at (425) 984-6017 or
PreviousCFPB: Mortgage complaints hold steady
NextCommercial construction planning jumps in March
The text exceeds the maximum number of characters allowed.
Are you sure you want to permanently delete this blog comment? This action cannot be reversed.
You must enable your community profile to use this feature.
You have flagged this post for inappropriate content.
Please explain below. Thank you.
Get the latest news and articles from Scotsman Guide straight to your inbox.
Send me the following e-mails:
Top NewsTop Residential ArticlesTop Commercial ArticlesDone DealsLender Search
Thank you for signing up to receive e-mails from Scotsman Guide.
A confirmation e-mail has been sent to the address you provided.
For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.
P.O. Box 692
Bothell, WA 98041-0692
Log In / Manage Account
Request a Media Kit
About Print Magazines
About Digital Magazines