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This complex generation stirs up a lot of talk in the mortgage industry, mostly because they have come to be known as the financially unstable and indecisive, renter generation in the housing market.

Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?

Valentin Saportas, CEO and President of MortgageHippo, sat down with MReport to share his perspective on Quicken Loans' Rocket Mortgage technology, the impact that digital mortgages will have on housing, and how the industry should embrace this new movement.

When the CFPB implemented the TRID rule, lenders were faced with the new challenge of altering their disclosure and closing processes. Now the question is which lenders, large or small, were able to come out on top following the TRID regulation.

The digital age has altered the way consumers and financial institution lenders are doing business, and the emergence of online marketplace lending, particularity in the mortgage space, has provided a medium for transactions to occur between the two from anywhere.

When it comes to taking out a mortgage loan, more than half of all first-time homebuyers want to work with a company they consider trustworthy.

The progression of homeownership across the U.S. is declining and educational attainment is a leading factor in the direction of these numbers, according to First American Financial Corp.

First-time buyers are often faced with several barriers to homeownership including student loans, down payment savings, and balancing multiple financial priorities, but they ultimately express a desire to own a home.

Rates fell a bit lower this week, but buyers did not hurry to take out a mortgage loan. On top of that, mortgage credit has tightened this month, which could be the reason that buyers were unable to purchase a home.

In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.