Mark Fleming Fleming: “I expect a lot more demand for homeownership in the future, as Millennials age into their prime home-owning years.”

IRVINE, CA— The home-mortgage industry is moving from a regulatory-and-compliance-change focus to a more forward-looking stance on process and product innovation to meet the needs of its new customers, Millennials, First American Financial Corp.’s chief economist Mark Fleming tells GlobeSt.com. In a recent report, Fleming highlighted the impact of rising rates on market potential and prices.