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
W S
Investments / The Ticker

Big banks sell as investors return to jumbo mortgages

/ Print / Reprints /
| Share More
/ Text Size+

As investors look for new ways to cash in on the housing recovery, jumbo mortgages are starting to look more attractive, CNBC reports.

While the number of jumbo loans originated in the first quarter of this year was up 15% from a year ago, the number of those loans securitized and sold by lenders was up 400%, according to Inside Mortgage Finance. Four billion worth of jumbo loans were sold to investors, more than the $3.5 billion in jumbos originated in all of 2012.

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus