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

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
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Investments / The Ticker

MBS moves higher than anticipated

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MBS moved higher this morning following today's data. Weekly Jobless Claims rose slightly to 366K, above the consensus of 360K. Fourth quarter Productivity declined to -2.0%, lower than the consensus of -1.5%.

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