This is a great read with data and nuance. Although you had me at “no need for an employment-only district”. Does an “employment-only district” really sound good to anyone? Ick. Thank you both for the time and effort to educate.

9/20

8/20

You’ve gotta tell us what kind of car it was. Then we’ll know.

7/20
”The cork has been drawn, and the wine must be drunk.“

6/20 (Please don’t watch the movie)

5/20

4/20

3/20

2/20

Let’s go data science people … What variables do I check next to unravel this mystery? What analytical techniques should I use? #datascience #analytics #mortgage #cx

But the data below are all purchase borrowers. What accounted for the shift? Demographics? Average home price? Number of government (e.g., VA) vs conventional loans? Geographical region? Interest rates ...

Now you’d expect this result if you were looking at all borrowers and one group included more purchases than refinances. Purchase borrowers are about 50% first-time home buyers (67% for government loans) and rate recommendations as much more important than refinance borrowers ...

The data shows a significant increase in borrowers’ reliance on recommendations—from real estate agents, friends, co-workers, etc.—when choosing an originator. As one might expect, the data also shows a significant decrease in the importance of their existing banking or mortgage lender experience ..

this month’s release extends the data set through June of 2022. Nonetheless, it’s the first release in over 18 months so it’s important to look at how trends may have shifted.

I’ve been diving in, and let me tell you, there was a shift ...