The Bruins’ run lasted 221 weeks, from the 1966-67 preseason poll to Jan. 8, 1980. North Carolina is third all-time with 172 straight weeks from the 1990-91 preseason poll to Jan. 17, 2000. “If you do it for a long period of time, it means you’ve been good that long,” Duke coach Mike Krzyzewski said of his team’s streak that began in the 1996-97 preseason poll. “We never bring it up. It’s a nice stat thing.” UCLA and Memphis are now tied for the longest active streak at 34 straight weeks in the Top 25. Duke was No. 8 two weeks ago before losing in the final seconds to Virginia and Florida State. The Blue Devils lost to then-No. 5 North Carolina 79-73 on Wednesday and fell 72-60 at Maryland on Sunday for their first four-game losing since Jan. 3-13, 1996. “We travel a narrow road between winning and losing,” Krzyzewski said. “We were in a position to win, you have to make sure the kids know that. They are doing a lot of things to put themselves in a position to win.” Duke received 150 points, falling just eight short of No. 25 Alabama. The Blue Devils will try to end their slide Wednesday against Atlantic Coast Conference leader Boston College. The Eagles (18-6, 9-2) are finally back in the poll at No. 21 after falling out in week 3. Duke’s Top 25 streak is over. Saddled by its first four-game losing skid in 11 years, Duke fell out of The Associated Press poll Monday for the first time since the end of the 1995-96 season. The Blue Devils had been in the media poll for 200 straight weeks – the second longest streak behind UCLA. Florida remained a unanimous No. 1 for the second straight week, garnering all 72 first place votes. Florida beat Georgia 71-61 on Wednesday and won at then-No. 20 Kentucky 64-61 on Saturday in front of a raucous record crowd of 24,465. It was the Gators’ fifth straight victory over their rivals. It had been 20 years since the Wildcats, college basketball’s winningest program, lost five straight games to an opponent. Tennessee was the last to do it from 1975-77. UCLA fell to fifth after splitting games this past week. The Bruins beat then-No. 19 Southern California 70-65 on Wednesday, but lost to West Virginia by the same score Saturday. The Bruins had to fly across the country and play an early afternoon game. UCLA found itself down by 19 early in the second half before clawing back. “I was really pleased with the way we fought back,” UCLA coach Ben Howland said. “Obviously it’s a long way to come to get beat.” With UCLA’s loss, Ohio State moved up to No. 2 – its highest ranking since 1991. Wisconsin and North Carolina also gained a spot, moving up to No. 3 and No. 4, respectively. Texas A&M was No. 6, followed by Pittsburgh, Kansas, Memphis and Washington State. The Cougars (21-4, 10-3 Pac-10) moved up four spots after beating then-No. 25 Stanford and California. Washington State is only a half-game behind first-place UCLA as the Cougars chase their first league title. Nevada was No. 11, followed by Marquette, Butler, Georgetown, Oregon, Southern Illinois, Air Force, Oklahoma State, Arizona and Kentucky. Georgetown made the biggest jump, moving up eight spots to No. 14 after convincing wins over Louisville and then-No. 11 Marquette. The Hoyas have won seven straight. “We’re getting better, and our guys definitely have a comfort level with how we want to skin the cat, so to say,” said Georgetown coach John Thompson III after Saturday’s win over Marquette. “We’re more poised. A lot of times early in the season teams would make a run, and we’d stand around looking starry eyed.” Oregon fell two spots after splitting games with Arizona State and then-No. 24 Arizona. Southern Illinois moved up five spots to No. 16. Boston College was followed by Southern California, West Virginia, Indiana and Alabama. Besides Duke, Vanderbilt and Stanford also dropped out of the rankings. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Trends for Lenders to Watch in 2019 Housing and the economy entered 2019 on ground a little less solid than 2018’s terra firma. Interest rates are up, the housing supply is still tight, and prices are high, even as houses are still selling at a brisk pace.For the mortgage industry, that could mean the year ahead will be a cautious one. At least that’s what Fiserv is projecting for the sector in 2019. In a market increasingly defined by always-updating regulations, rising homeowner expectations, and the growing swell of Millennials entering the homebuying market, “navigating the mortgage market in 2019 will require flexibility and patience from borrowers and lenders,” Fiserv writes in its look at trends for the year ahead.Among the trends for mortgage professionals to keep an eye on:Millennials will be more in the driver’s seat.The National Association of Realtors says that Millennials account for 36 percent of homebuyers in the U.S. That’s the largest generational share, and Millennials are just now entering their peak buying years.Expect more projects.With interest rates going up at regular intervals up, home-equity loans for bill consolidation and construction and improvement projects are likely to surge. TransUnion estimates that 10 million consumers will originate a home equity line of credit (HELOC) between by 2022.Automation and digitization will define the mortgage process.“The faster we can get paper out of banks and credit unions, the better it will be for everyone,” Fiserv writes. With more regulations driving up the cost to originate a mortgage, paper records are getting cost prohibitive. Lenders will turn to more digitized systems to help keep costs lower by reducing paper—which can be as many as 700 pages—and automating some basic clerical work. This will be especially helpful in complicated first mortgages and HELOCs, Fiserv says.Things will go more mobile.A growing number of borrowers—remember, Millennials are buying more houses and they’re extremely comfortable with technology—are happy to complete mortgage and loan applications through laptops and mobile portals. Mortgage lenders, consequently, need to deliver a more efficient lending process “and compelling, differentiated borrower experience,” Fiserv writes. “To grow their mortgage business, financial institutions will likely make greater investments in the customer experience in 2019.”A challenge here, though, is to create a user experience that borrowers will like, not an anonymous “chatbot” experience that they can simply disconnect from and go elsewhere. Even if face-to-face dies out, those non-human conversations must deliver a rich, digital experience.Data, data, data.Regulation and digitization have already brought about a lot of data on who a borrower is, what a borrower wants. Lenders will increasingly use technology to translate all the raw data into a more 360-degree view of borrowers and the lending operation.“The more lenders get the transparency, visibility, and quantity of data right – and make it easily accessible – the more it enables quicker, better decisions and reveals additional opportunities,” Fiserv writes.Also, with machine learning and AI not far off, mortgage lenders will start paying more attention to the clarity of their data sets, which Fiserv calls “the precursor to artificial intelligence.”Lenders will adapt and improvise.Smaller lenders, in particular, get weighed down by heavy regulation. And a lot of them are becoming nonbank providers and aggregators, “which are able to compete without many of the regulatory challenges placed on banks and credit unions,” Fiserv stated. But it will be a tech-driven restructuring that relies on more fully implemented automation that will make it all work. 2019 David McIninch Fiserv Lender Lionel Urban mortgage National Association of Realtors TransUnion trends 2019-01-10 Scott_Morgan January 10, 2019 1,805 Views in Daily Dose, Featured, News, Servicing Share