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Affiliated Mortgage Company

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Walter Investment Management Corp (WAC) Stock Rating Upgraded by Zacks Investment Research

From a hold rating to a buy rating in a research report released on Wednesday, May 17th. The brokerage currently has $1.75 price target on the financial services provider’s stock.

According to Zacks, “Walter Investment Management Corp., headquartered in Tampa, FL, is a Mortgage portfolio owner and mortgage servicer specializing in subprime, non-conforming and other credit challenged mortgage assets. It is a residential mortgage servicing company with divisional offices located in Atlanta, Birmingham, Charlotte, Ft. Worth and Houston. The company holds licenses as a residential mortgage lender and/or servicer in over 30 states across the US, and presently has federal mortgage lending approval as a Title II Non-Supervised HUD Mortgagee. The portfolio primarily consists of mortgages on homes built by Jim Walter Homes, Inc. and its affiliated builders. The company is one of the few remaining organizations to provide portfolio servicing through a team of full-time field-based employees. It also operates mortgage advisory and insurance product lines of business.

Proud To Be Below Average in This Category

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Today’s “mortgage shoppers” demand the best of both worlds – the greatest advice and the lowest price. A recent survey by BankRate.com a prominent online financial services advisory highlighted the national average for mortgage “closing costs” covering the first few months of 2017. Unsurprisingly, fees were higher than a year earlier, but the particulars were even more astonishing. Much time and effort went into researching the different variables, and what caused disparities in fees. BankRate did a commendable job surveying and evaluating different lenders in each state, an overwhelming task, to say the least. That said, while I certainly have no intention of affronting them, I think their presentation was less than satisfactory from a consumers standpoint.

The Tri-State (NY/NJ/CT) area fared well in comparison to the national average. New Jersey came in with a $2,175 average in closing cost, followed by Connecticut at $2,275, with New York being in the highest tier at $2,648. The fees were broken down into two categories – “Lender fees” and “third-party fees.”

Does anyone know much about Affiliated Mortgage Company in Monroe, LA?

My new mortgage has just been sold to this company. Since I will be making monthly payment to this company for many years to come, I would like to know more about it but can't seem to be able to find out much from the Internet.