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Home » Topics » News » IMFnews

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Potential Homeowners Psyching Themselves Out of the ‘American Dream’?

July 9, 2015
Carisa Chappell
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.
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Final Tally on Inside Mortgage Finance Poll: Production Staff in Demand

July 9, 2015
Sherry Muolo
The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.
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Prestwick Selling Another $1B-Plus MSR Package; High Delinquencies Though

July 9, 2015
Paul Muolo
The underlying collateral is located in all 50 states, but Texas accounts for the largest count of loans at 1,220.
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More Woes for Walter Investment: A Downgrade and Questions About Future MSR Acquisitions

July 9, 2015
Paul Muolo
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.
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Short Takes: Mortgage M&A Deal About to Happen? / SRPs Holding Up / JPMorgan Almost Done with Loss Mitigation Obligations / Refi Applications Worrisome / Auction.com Hires Former Altisource Official

July 9, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…
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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.
Read More
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Latest Imf News

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