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August 11, 2017

Forget the Millennials. Gen Xers Still Make Up Bulk of Borrowers, Says New Report

By Sherry Muolo

Gen Xers on average favor making down payments of 20 percent, while Millennials tend to make down payments of 3 percent or less...

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With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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