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 / The Ticker

Treasury yields hit one-month low

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Benchmark 10-year notes rallied the most since November yesterday as investors sought the safety after inconclusive elections in Italy triggered concern Europe’s debt crisis would intensify.

Congress and President Barack Obama face a March 1 deadline to agree to avert across-the-board spending cuts. Treasury sold $35 billion of five-year securities as part of its $99 billion in note sales this week.

Source: Bloomberg
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