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May 4, 2011

Originations 5/4: Half Of Hombuyers Don’t Understand Mortgages

May 4, 2011

Originations 5/4: Half Of Hombuyers Don’t Understand Mortgages

Today’s links on uninformed homebuyers, fate of mortgage brokers (and Freddie Mac, and the entire industry), plus a Lamborghini chase!

-Homebuyers Lack Essential Knowledge (MortgageOrb from Zillow study)

-PIMCO’s Gross Says Bond Yields Might Not Spike (Colin Barr, Fortune)

-Freddie Mac capital markets chief resigns (HousingWire)

-Can Mortgage Industry Clean Up, Pull Together (Nick Timiraos, WSJ)

-Mortgage Brokers Say Rule Changes Will Put Them Out Of Business (TheRealDeal)

-Lamborghini Chase! (TheBigPicture)