Chase tries to carve out mortgage niche with millennials

Both new mortgage originations and refinances have dried up. Dwindling Number Of Mortgage Originations In The US . large reputed lenders like JP Morgan Chase and Wells Fargo have been forced to cut down their costs. The challenges for the medium or smaller players in the industry are even higher.

One document in the mortgage process deserves our special attention – the 1003 Form. Providing this form online is a huge "+" for millennials. Without a doubt, a millennial that wants a mortgage will go through the pain of getting to the office to fill out this form.

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That could threaten profits at Nationstar (NSM), Ocwen Financial (OCN) and Walter Investment (WAC), all of which have been trying to parlay their expertise in servicing distressed loans into the more.

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Millennials aren’t losing sleep over hefty student loan debt and a tight job market.. it’s going to be like having a mortgage for the rest of your life.’. she decided to carve out a.

Guess That Hairstyle (GAME) #2 Chime Raises $18 Million Investment for Online Banking | LendEDU – As much as the traditional banks try to change their ways and move into the 21 st Century, millennials still want nothing to do with them. That has opened the door for fintech upstarts like Chime to move in and carve out a niche which appears to be growing among the more tech-savvy, mobile generation.

How to become a guru. By Laura Vanderkam. but not too crowded with other gurus. Though even if it is, you can carve out your own niche (money for millennials; time management for entrepreneurs.