Rick Sharga: Is this the end of the housing recovery?

Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all

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

Freddie Mac: Mortgage rates reverse course, rise

Increases amid soft housing data
April 24, 2014
Mortgage rates inched higher after falling two weeks straight following an uptick in the 10-year treasury note and amid a week of soft housing data.
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Altisource posts record service revenue in 1Q2014

$210M service revenue grows 65% YOY
April 24, 2014
Altisource Portfolio Solutions posted record service revenue of $210.0 million for the first quarter 2014, a 65% increase over the first quarter 2013.
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Mortgage guaranty line turnaround boosts Old Republic earnings

April 24, 2014
Old Republic's earnings for the first quarter 2014 were boosted by moderately improved performance in general insurance and by the continuation of a strong turnaround in the run-off mortgage guaranty line.
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Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
April 24, 2014
New regulations promulgated by the Consumer Financial Protection Bureau discourage lending by banks and nonbanks alike are causing loan portfolios and loan securitization volumes to fall steadily, he added.
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Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all
April 24, 2014
The double whammy over the past few days of flat existing home sales and a disastrous drop in new home sales appears to have dimmed many analysts’ views of the housing market recovery. So is the housing recovery over?
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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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