The bottom five metropolitan areas in the ranking have an average share of mortgage purchase requests from Gen Z homebuyers of 9.29%. The average down payment amount in these metros is $54,919.
Scroll through to see which metros are in the bottom 22 and how they fared.
Source:
The top five producers had an average dollar volume of more than $99 million in jumbo production.
The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
