PHH Corp. is continuing talks with several potential buyers about its mortgage division but is revealing little information on when it might ultimately announce a deal. In a recent conference call with analysts, company President and CEO Glen Messina would only say that “we’ve been actively engaged in detailed discussions with several interested parties” regarding both PHH Mortgage and its fleet business. Messina would not provide any more color than that. As reported by Inside Mortgage Finance last month, possible buyers include...
Real estate agents are more likely to recommend lenders that provide reliable preapprovals to potential homebuyers, according to a survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. Positive interactions with real estate agents could help lenders boost business as the market has shifted toward purchase mortgages from refinances. “Real estate agents frequently recommend mortgage providers, and homebuyers frequently accept these recommendations,” said Tom Popik, research director of Campbell Surveys. The new survey of more than 2,000 real estate agents found...
The disclosure regime envisioned by the SEC prompts even greater privacy concerns than the initial proposal, according to a number of non-agency MBS issuers.
Richard Smith, chief marketing officer for Ditech, said the mortgages that the company originates will close in Ditech’s name, not in the name of Green Tree.
In case you didn’t notice, the price of Fannie and Freddie common rose about 5 percent Tuesday, after Watt spoke. In trading Wednesday, they were up again...
“This decision is motivated by concerns about how such a reduction could adversely impact the health of the current housing finance market,” said FHFA Director Mel Watt.
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