First-Time Homebuyers: 2004 vs 2025 – A Tale of Two Decades
The American Dream of homeownership has become dramatically more challenging for first-time buyers, with striking differences between the housing boom of 2004 and today’s constrained market. The Bottom Line: A Generation Delayed The most startling transformation in the American housing market over the past two decades isn’t just about prices—it’s about who can afford to […]
When Will Mortgage Rates Go Down?
Will the 2024 Presidential Election Move Interest Rates Lower? With mortgage rates hovering around 7%, housing prices at an all-time high in many places, the question many are asking, “When will mortgage rates go down?” And by go down, most Americans would love to get back to the glory days of sub-4% mortgage rates. Of […]
Loan Origination Forecast 2024
“Changes are coming” — Daughtry Since 2019, we’ve seen an end to a war, a global pandemic, a massive increase in government spending, increased interest rates, home inventory shortages and inflation. The effects of these events have shifted the lending markets dramatically. Mortgages quickly went from an all-time high, record-breaking refinance boom, to layoffs and […]
Keep Money in Your Pocket: Why Customer Retention Systems Matter
Lenders often operate in a competitive industry, where acquiring net new customers seems like the ultimate goal. However, what they often overlook is the immense potential of customer retention. Your existing database of customers may hold the key to unlocking unprecedented levels of growth.
Understanding the Fair Credit Reporting Act (FCRA) and Its Implications for Businesses
In this article, we will explore the ins and outs of the Fair Credit Reporting Act (FCRA) and its implications for businesses who offer credit to their customers.
Mitigating Risk within the Consumer Lending Sector
Learn how to manage risk and protect profitability in the consumer lending sector by performing thorough credit checks, developing loan policies, educating consumers, setting loan limits, and utilizing automated data analysis. Get essential strategies for effective risk mitigation.