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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News

Homebuilder D.R. Horton net income rises 18%

"Housing market conditions remain favorable"
April 24, 2014
Homebuilder D.R. Horton recorded a net income for its second fiscal quarter ended March 31, 2014 of $131 million as the dollar value of homes sold, closed and in backlog all increased by double-digit percentages.
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Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million
April 24, 2014
"The first quarter of 2014 was a challenge for Stewart. While we made progress on our strategic initiatives, operations suffered from mortgage originations falling to their lowest level in 17 years as lenders coped with harsh winter weather conditions, the implementation of new qualified mortgage regulations, and rising interest rates,” said Matthew Morris, Stewart CEO.
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RealtyTrac: Home sales tick up slightly in March

Up 0.3% over February and 8% year-over-year
April 23, 2014
Single-family homes, condominiums and townhomes sold at an estimated annual pace of 5,253,464 in March, an increase of 0.4% from February and up 8% from a year ago, according to RealtyTrac’s March and Q1 2014 Residential & Foreclosure Sales Report.
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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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Christopher Whalen joins Kroll Bond Ratings Agency

April 23, 2014
Christopher Whalen, an investment banker, author and frequent HousingWire contributor, brings more than 30 years of experience as an investment banker and analyst to Kroll.
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CFPB pushes for eClosings

Fully electronic mortgages will help consumers, regulators say
April 23, 2014
Housing leaders and regulators met in Washington, D.C. on Wednesday to further open the door to the greater use of technology in the mortgage process.
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Yes, new home sales are down but it isn’t quite as catastrophic as it seems

A deeper dive reveals that 2014 isn’t that far off 2013
April 23, 2014
If you look at the year-to-date totals, 2014 is only 2,000 home sales behind 2013. At the end of the first quarter in 2013, there were 109,000 total new home sales. The first quarter of 2014 had 107,000 new home sales. That’s only a 1.8% decline.
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HomeStar Property Solutions officially opens Texas office

Will keep growing operations
April 23, 2014
"It's an important next step for HomeStar," said Bradley Trapnell, senior vice president of business development for HomeStar, who helped establish the Dallas location. "There are many incentives to having an office in Dallas; being close to mortgage servicing and investor clients, and having access to a tremendous base of industry talent was chief among them."
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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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Watch the CFPB hearing on mortgage closings LIVE

CFPB open hearing now
April 23, 2014
Below you can view the live event as it happens. HousingWire will be hosting the archived event after.
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