Borrower Benefits Men Vs Women

first_img If you’re a man, it seems your home loan application has a greater chance of getting a green light than a woman’s in your same age range, so reports Ellie Mae’s latest Millennial Tracker, an interactive online tool that provides access to up-to-date demographic data points about homebuyers born between the years 1980 and 1999.Millennial men who were listed as the primary borrower for a loan gained approval for an average amount of $197,820 in October, the study notes. On the other hand, Millennial women got a go-ahead for an average loan amount of $186,567, or $11,253 less than Millennial men.All that data aside, while women got the nod for lower loan amounts, they closed their loans quicker. On the average, it took women 42 days to close, regardless of whether the loan was for a purchase or a refinance. Alternatively, men spent an average of 43 days to seal the deal on a purchase loan and 45 days for a refi. Additionally, women also were approved with lower FICO scores than men. For purchase loans, women had an average score of 721 versus 726 for men. Women who refinanced had an average FICO score of 730, while their male counterparts posted an average FICO score of 735.And all you single ladies, take note: Although males make up the larger percentage of overall Millennial borrowers, most of them are married, Ellie Mae reveals.“An interesting trend we’ve been tracking all year is that single women are buying homes much more than single men,” said Joe Tyrrell, EVP of Corporate Strategy at Ellie Mae. “Sixty percent of women who were listed as the primary borrower in October were single, compared to 42 percent of men.”As for where Millennial male and female primary borrowers were more likely to invest in a nest: Both cohorts have their hearts set on the Midwest, where housing costs continue to be attractive. Marshall, Minnesota; Victoria, Texas; and Lawton, Oklahoma, charted as the top three Metropolitan Statistical Areas (MSAs) for Millennial homebuyers in October.  Share December 7, 2017 636 Views Borrower Benefits: Men Vs. Womencenter_img Ellie Mae HOUSING joe tyrrell Millennial Tracker mortgage 2017-12-07 Alison Rich in Daily Dose, Data, Featured, Newslast_img read more

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Whitenose syndrome has almost completely wiped out some North American bat colonies

first_imgIn just 7 years, a fungal disease known as white-nose syndrome has killed more than 5 million North American bats, nearly wiping out entire colonies, according to a new study. The disease, named for its initial discovery as a white fungus growing on bat noses, drains hibernating bats of their energy reserves. It was first discovered in North America in 2006 and spread rapidly, causing massive declines in bat populations across the northeast. To quantify the localized impact of the disease at known hibernation sites, scientists used 4 decades of population counts collected between 1976 and 2013 from more than 1000 winter colonies inclusive of six North American bat species and 10 European bat species for comparison. Prior to the emergence of white-nose syndrome, bat colonies in eastern North America were 10 times larger than those in Europe, the team reported online ahead of print in Global Ecology and Biogeography. Following the disease outbreak, however, populations fell to the low levels seen overseas, where the white-nose syndrome has been present for decades. Moreover, the researchers identified massive population declines, ranging from 60% to 98% for all six North American bats studied, and extensive local extinctions, the most severe being for the northern long-eared bat (pictured above), which has disappeared from 69% of its former hibernation sites. As important predators of nocturnal insects, bats are considered to be among the most overlooked, yet economically important, nondomesticated animals in North America. Resulting increases in mosquitoes and agricultural pests could have ecological and economic consequences for the continent, including financial losses from damaged crops and increased spread of human diseases.*Correction, 6 February, 3:36 p.m.: The last sentence of this item was initially attributed to the researchers behind the new study. The attribution has been removed.last_img read more

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