The rate of homeowners in the U.S. has reached a historic low. Many question if the largest living generation, millennials, will purchase homes at similar rates to previous generations. Apartment List’s annual renter survey included input from 24,000 millennials, which they analyzed to better understand millennial homeownership plans.

As previously predicted, mortgage rates reacted to the recent drop in the Treasury yield, falling this week to a 2017 low. However, these low rates may soon bounce back, with 30 percent of mortgage professionals polled predicting that next week will see a rise in rates. For now, the industry is experiencing an increase in loan applications as applicants move to take advantage of the favorable market.

The Federal Housing Finance Agency (FHFA) is looking to the public for input regarding Limited English Proficiency (LEP) in the mortgage lifecycle. LEF borrowers currently face challenges applying for mortgages because they risk not understanding or relying too much on a source that could mislead them. FHFA looks to better understand the experience LEP borrowers have in order to improve support from the mortgage industry.

In July, liens and judgments data will no longer be included in traditional credit scores. In order to fill that gap, CBCInnovis will be offering the LexisNexis RiskView Liens and Judgments Report to lenders. Being that borrowers who have a judgment or tax lien are more likely to end up in pre-foreclosure or foreclosure, CBCInnovis hopes this information will be helpful to lenders.

Factual Data announced Thursday that they will be offering the LexisNexis RiskView Liens & Judgments Report to lenders. Due to liens and judgments data being discontinued in traditional credit scores, Factual Data intends to bridge the gap. Mortgage lenders, who have relied on this data for over two decades, now have an alternative plan after the July cutoff.

Existing home sales took a drop in April as prospective buyers and middle-income homeowners faced problems in the current housing market. Tightening supply continues to drive up prices. Properties, on average, stayed on the market for a month.

The Court of Appeals rehearing of the Consumer Financial Protection Bureau (CFPB) took place Wednesday to determine the constitutionality of CFPB’s leadership structure. Previously brought by PHH Corporation in October, the initial decision by the court determined the CFPB was, in fact, unconstitutional. Wednesday’s hearing was an “en banc” review, previously agreed upon in February.

New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.

Fidelity National Financial (FNF) announced the acquisition of Hudson & Marshall (H&M), a full-service auction company, Monday. Industry reaction was instantaneous, as was a jump in FNF’s stock. Under FNF’s umbrella, ServiceLink, a provider of transaction services to the mortgage and finance industries, is launching ServiceLink Auction, a full-service auction platform that will provide foreclosure and REO auction services fully integrated with ServiceLink’s suite of products.

A crowded seller’s market has left some homeowners who want to move into nicer homes frustrated. Though they are getting record-high offers for their starter abodes, when it comes time to buy, their money is not going as far in the trade-up market. Based on seven criteria, here is a list of the 10 hardest places to trade up.