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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Investors finding real estate a 'better deal'

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Bloomberg writes:

"This model may be where we are going," Marcelo Mesquita, a fund manager who helps oversee 650 million reais at Leblon Equities, said in an interview in Rio de Janeiro. "Real estate funds are growing because investors are not buying company stocks. These funds are buying projects. For investors, they are a much better deal."

Source: Bloomberg
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