U/W, LOS/TPO, Workflow Automation, AI Risk, Education Tools; MBS and MSR Trends

Make sure that your air conditioning is in good condition, as well as clients’. Loan servicers are wondering about their collateral: “Heat in the oceans releases more slowly into the atmosphere, pushing up global temperatures the following year. The powerful 2023-24 El Nino contributed to 2024 being the warmest year on record, and we should not be surprised if this record is broken. El Nino is a natural part of the weather cycle, and is not caused by climate change.” Weather prediction can be dicey, especially months in advance, but predicting population trends that lenders and investors should be aware of is easier. The world is getting older, faster than ever before. In the U.S., the share of population age 65 and over is projected to jump from 18.9 percent in 2025 to 23.4 percent by 2060. Despite continued growth of its older population, the nation will still be younger than nearly half the world’s countries by 2060. “In 2025, the United States ranked as the 48th oldest country out of 227… “By 2060, the country will fall to 110th place because countries in other regions are aging much more rapidly.” By 2025, for the first time in human history, the share of adults age 65 and over outnumbered the share of children ages 0 to 5 in the world’s population, a gap projected to increase in the coming years. (Today’s podcast can be found here. This week’s ‘casts are sponsored by Zillow Home Loans, Zillow’s in-house mortgage lender. With tools built for modern lending, Zillow Home Loan’s loan officers can focus on guiding buyers with care and confidence. Today’s has an interview with RETR’s Steven Wynands on putting mortgage and real estate data in the hands of originators.)