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Hispanic households to grow the most over next 20 years

Housing Wire

In a release on Thursday , the Urban Institute projected the future headship rate — the share of adults who are the heads of households — and the homeownership rate — the share of household heads who own their homes — through 2040. million in growth from 2030 to 2040. Between 2020 and 2040, Hispanic households will grow by 8.6

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Opinion: The baby boom wave is cresting

Housing Wire

Getting older and living longer 2040 Aging Power: By 2040, 80 million people will be aged 65 and older. Paul Donohue is a reverse area sales manager for Mutual of Omaha Reverse Mortgage. 2050 and Beyond: By mid-century, we will have more than 19 million people aged 85 and older.

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.

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Fannie Mae announces new resources and assistance programs to address Latino homeownership access

Housing Wire

Research from the Urban Institute indicates that as much as 70% of net-new homeowners between 2020 and 2040 will be Hispanic/Latino, representing “one of the fastest-growing segments of potential homeowners.” Additional HomeView enhancements are expected in 2024, the company said.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. Josh Mettle: It’s a tie between Mortgage Coach TCA and BNTouch CRM.

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How local lenders can support homeownership in today’s housing market

Housing Wire

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. will decline by 3 percentage points by 2040, with the concentration of homeowners skewing older and less diverse.

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How the housing industry is preparing for the age of AI

Housing Wire

Holden spoke on the topic of leveraging data science and alternative data to increase access to homeownership at Mortgage Bankers Association ’s (MBA’s) Technology Solutions Conference & Expo at San Jose, California on Monday. Rocket Companies is focused on using technology to tap into a potential customer base.