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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Investments

Assurant posts strong quarter, income up $20 million from 2013

Earnings per share were $1.86
April 23, 2014
Assurant’s net income is up $20 million from the first quarter of 2013, when the company reported $117.8 million in net income and earnings per share of $1.46.
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3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference
April 23, 2014
So far, the conference has been popular, with early panels well attended. Here are three takeaways from those panels and the opening remarks from John Dalton, president of the Housing Policy Council.
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Fitch: 7 factors that will shape the housing market in 2014

Can the headwinds be overcome?
April 22, 2014
Despite the anemic housing market start so far in 2014, housing metrics should improve later this year, according to Fitch Ratings’ Chalk Line report.
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Cushman Wakefield bullish on housing market

Sees challenges in 2014 but stronger fundamentals
April 21, 2014
Cushman & Wakefield may be the first to plant the flag to declare that the housing market has recovered, but they are walking back any more confidence than that about where the market will go in 2014.
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Investors fill RMBS appetite with jumbo whole loans

S&P: RMBS market shrinks to $15 billion
April 21, 2014
Investors are turning to the jumbo whole loan market to fulfill their appetites and balance sheet, as the residential mortgage-backed securities market continues to dwindle.
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Renters are high on Colorado and Washington

Wonder why?
April 18, 2014
Let’s be blunt here. Where there’s smoke, there’s probably fire.
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Ocwen’s Erbey: Lawsky hold has frozen all MSR deals

HLSS reports 1Q net income of $43.7M
April 17, 2014
HLSS Chairman William Erbey says the New York Department of Financial Services’ indefinite hold on the $2.7 billion MSR deal between Ocwen Financial and Wells Fargo put a freeze on all MSR deals in the market.
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HSBC gets the go ahead to sue Deutsche Bank over reps and warrants

Judge denies motion to dismiss case from pre-crisis RMBS deals
April 16, 2014
A New York judge denied Deutsche Bank’s bid to dismiss four lawsuits that would force it to either pay damages or buy back subprime mortgages packaged into RMBS back before the start of the 2008 financial crisis.
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BAC posts $276M loss in 1Q driven by $6B in mortgage litigation costs

Bank makes headway with legacy, delinquent mortgages
April 16, 2014
Heavy mortgage-related litigation expenses and a mortgage lending business in retreat hurt Bank of America in the first quarter of 2014, with the bank forking over $6 billion in mortgage-related litigation costs this quarter.
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Moody's: Johnson-Crapo could ramp up issuance of private-label RMBS

See positive potential in Senate GSE reform measure
April 14, 2014
Moody's says the GSE package could help kick-start issuance in the private-label residential mortgage-backed securities.
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