Much has been said about how millennials and Gen X have a higher homeownership rate now, but how these generations compare at age 24 is a different story. https://www.nationalmortgagenews.com/news/gen-z-homeownership-in-2023-outpaced-by-millennials-gen-x
NextGenMortgage
Industry says Basel rule violates law if it isn’t revised
A coalition of financial trade groups issued a joint comment letter asserting that the federal bank regulators' proposed capital rule lacked justification and evidence required by the Administrative Procedure Act, threatening legal action if regulators don't delay and significantly amend the rule....
Mortgage investor JER files for bankruptcy, is latest property firm to crash
The real estate investment trust — which counts the private equity firm C-III Capital Partners among its top shareholders — owes more than $100 million to creditors but has less than $50 million of assets, according to a Chapter 11 petition....
Fidelity National faces eight class action suits after cyberattack
Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers. https://www.nationalmortgagenews.com/news/fidelity-national-faces-eight-class-action-suits-after-cyberattack
Mr. Cooper’s Chris Marshall takes on role at Sagent
Marshall is handing his role as president at the mortgage firm to another industry veteran but plans to retain some involvement with its new MSR fund. https://www.nationalmortgagenews.com/news/mr-coopers-chris-marshall-takes-on-role-at-sagent