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Surveys Show Consumers Have Low Confidence in Their Home-Buying Skills

July 9, 2015
Potential homeowners may be talking themselves out of the American dream, according to several recent surveys that show consumers underestimate their ability to get a mortgage. A Genworth survey of more than 100 lending executives found that 66 percent said eligible borrowers mistakenly think they don’t qualify for a mortgage. In a similar survey on consumer’s views on homeownership, Wells Fargo reported...
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Lenders Fear HUD Penalty for Breaching Filing Deadline is Excessive

July 9, 2015
George Brooks
HUD issued the language to remedy the problem of delayed filings: lenders holding back claims...
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Forget Greece. China’s Woes Could Shape Mortgage Rates, MBS Prices

July 9, 2015
Paul Muolo
“The Greek crisis already has taken a toll on MBS and still poses a sizeable risk to performance,” according to a new report from Deutsche Bank Securities.
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Banks, Thrifts Report Record Low in Mortgage Repurchases

July 8, 2015
John Bancroft
Mortgage repurchase volume fell 9.5 percent from the fourth quarter and it was down 12.3 percent from the first three months of last year.
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Stonegate Expands Direct-to-Consumer Unit in Arizona

July 8, 2015
Sherry Muolo
Stonegate has grown from 400 employees in 2012 to about 1,300 currently.
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FHFA Maintains ‘Cone of Silence’ on Captive Insurers and FHLB Membership

July 8, 2015
Paul Muolo
Dave Stevens, president of the Mortgage Bankers Association, said he doesn’t know which way the FHFA will decide on the topic...
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Common Securitization Solutions Unveils Industry Advisory Board; First Meeting Next Monday

July 8, 2015
Carisa Chappell
CSS identified the trade group advisors by organization, but not by their individual names.
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Mortgage Co-ops Losing Their Allure Thanks to Free GSE AU?

July 8, 2015
Paul Muolo
There are three major cooperatives that serve as middlemen between lenders and various counterparties: Lenders One, Capital Markets Cooperative and The Mortgage Collaborative.
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Short Takes: The CSP Mystery: What, No Names? / One or Two Advisors on the Board? / Another Large NPL Auction From Freddie Mac / CMLA Wants the TRID Deadline Moved Back / A New Head of IR for PHH

July 8, 2015
Carisa Chappell and Paul Muolo
CMLA argues that “moving implementation to January [from October] will allow lenders and settlement service providers a more gradual implementation of the new disclosures in a lower pressure environment.”
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Regulatory Panic Over Nothing: Nonbank Servicing Share Nowhere Near Peak

July 7, 2015
Brandon Ivey
The most recent regulatory foray has come from the Conference of State Bank Supervisors, which formed the Mortgage Servicing Rights Task Force to develop standards for nonbank servicers...
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