A new report shows that most millennials believe now is a good time to buy a home—and more than half of them are actually ready to take the plunge. About 51 percent of those surveyed said they are either extremely likely or very likely to buy within the next year. According to experts, impending mortgage rate hikes are likely causing the uptick in urgency. Still, roadblocks like scarce inventory and a lack of knowledge around the homebuying process could pose a problem for millennials.
Read More »Keeping Brick-and-Mortar Banks Relevant
So how does a brick-and-mortar bank stay relevant and competitive in this always in flux industry? Kevin Gillen, SVP, Mortgage at TD Bank, fills us in. This select print feature originally appeared in the August 2016 issue of MReport magazine.
Read More »Lenders Need to Improve on These 3 Areas
Although most consumers indicate that they had a positive homebuying experience, despite a more time consuming mortgage process, they also called attention to three things that banks need to improve on.
Read More »Cultivating Talent Within Mortgage Loan Officer Channels
Kevin Gillen, General Manager, Mortgage at TD Bank sat down with MReport to discuss the the state of talent and competition in the industry and what it’s doing to cultivate top tier talent within its mortgage loan officer channel.
Read More »Millennials Prefer HELOCs for Home Renovation Projects
Rising property values are making more homeowners more optimistic about renovating their homes, and Millennial homeowners in particular favor using HELOCs to help them finance their designs, a new study by TD Bank showed.
Read More »Portfolio Lender TD Bank Braces for Lending Growth
During the mortgage crisis, portfolio lenders like TD Bank stood out as financial institutions that embraced the idea of quality underwriting and lending—especially since they kept loans in-house, taking the risk on their own balance sheets.
Read More »Home Buyer Confidence Strong in 2015
The number of people buying homes in the U.S. has increased 5 percent within the last two years. Still, the survey found 2 in 5 American consumers feel there is a lack of inventory in their price range and 44 percent said they are not familiar with home affordability programs.
Read More »Rising Home Values Spark HELOC Activity
TD Bank reported Monday the results of its inaugural Consumer Borrowing Index, a survey of more than 1,300 U.S. HELOC borrowers created to provide insights into their motivation, usage, and perceptions of the loan. According to the bank's survey, 53 percent of homeowners polled said the value of their home has increased in the past few years, giving them more equity to pull from.
Read More »Economic Outlook Points to Building Momentum
Signs increasingly point to economic momentum building in the coming year, according to economists at TD Bank. In a forecast put out Thursday, the bank's economics team calls for economic growth of 3.0 percent in 2015 following average growth of 2.2 percent this year.
Read More »Survey: Realtors Want More Lender Support with Borrowers
Working with a public polling firm, New Jersey-based TD Bank released results Thursday from a survey it conducted with more than 150 Realtors around the United States. Most said they considered closing loans on time the most important quality in a lender and felt it was easier to work with banks focused on helping homebuyers. Two in five said they looked for banks that put buyers ahead of the lending process.
Read More »