Despite rising home prices and lagging wage growth, lenders can count on Millennials to be among the borrowers this spring, with more and more becoming first-time homebuyers thanks to down payment assistance programs.
Homeowners, now and in the future, are paying more federal income tax in order to help corporations pay less federal income tax, to the tune of $620 billion.
While many financial institutions have seen success originating loans guaranteed by the U.S. Department of Veteran Affairs and Federal Housing Administration, the products face competition and challenges from rising home values and similar products created by other entities.
