Wells Fargo, the nation's largest originator, reported that while 72 percent believe now is a good time to buy, many consumers are faced with misconceptions about credit scores and other topics.
In a new research note, Sterne Agee analyst Henry Coffey also voices anxiety about the fact that almost 55 percent of Walter’s stock is controlled by three investor groups.
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...
“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.