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

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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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Investments / The Ticker

Fed expected to forge ahead with unprecedented bond buying

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Federal Reserve Chairman Ben S. Bernanke and his fellow policy makers will probably forge ahead with their unprecedented bond buying when they meet next week, even as they pick up a debate that began in December on when to end the purchases.

The job market has yet to show the “substantial” gains Bernanke said he wants to see before halting asset purchases.

Source: Bloomberg
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