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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Americans say housing will boost economy

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Fifty percent of poll respondents say the market will continue to get better in 2013 compared with only 16 percent who say they expect it to decline. An additional 31 percent say the market will stay about the same.

"Prices are very steadily, slowly, starting to creep back up," says Eric Matheny, 31, an attorney from Fort Lauderdale,Florida, who purchased a new home five months ago. "The housing market is a major part of the economy, so it says something about the strength of the economy."

Source: Bloomberg
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