3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper
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Lending / The Ticker

Fannie Mae forced-place insurance program hits a roadblock

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A federal agency that oversees Fannie Mae said Tuesday that it disapproved of Fannie's plan to require mortgage servicers to use only approved low-cost insurers, saying it would study ways to cut force-placed insurance costs for both Fannie and Freddie Mac.

Source: Law360
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