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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Items Tagged with 'Federal Reserve'

ARTICLES

WSJ's Lewis: Fed's corrupt policies cost savers hundreds of billions

April 23, 2014
Al Lewis doesn’t mince words over at MarketWatch, charging that the Federal Reserve’s zero interest rate policy is costing savers hundreds of billions, and the trade off in helping provide a safety net for real estate and banks isn’t worth it.
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Robbing...er, Regulating banks is where the money is

CFPB's HR trainee starting salary: $110,759
April 22, 2014
Gentleman bank robber Willie Sutton is famously (and incorrectly) remembered for saying he robbed banks “because that’s where the money is.” Turns out though, the real money is in being a bank regulator.
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Which housing markets gained and which waned so far in 2014?

Beige Book: Southwest, South sailed; Northeast and Midwest not so much
April 16, 2014
HousingWire walks you through all the housing and housing finance information in the 18,000-word Beige Book.
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GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
April 8, 2014
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
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3 reasons Citi will miss next week

Costly but favorable MBS settlement is just one reason
April 8, 2014
Citigroup is facing a gauntlet of troubles, now warning investors it may miss a key profitability target because of the central bank’s rejection of its capital plan in March, and a $100 million charge in the first quarter of 2014 as part of its $1.125 billion MBS agreement announced Monday.
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Consumer credit ticks higher in February

April 7, 2014
Consumer credit edged higher in February, increasing at a seasonally adjusted rate of 6-1/2%, as consumers who are still hesitant to use credit cards failed to be a leading force for the economy.
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Wall Street getting hungrier for private-label MBS?

Fed credit officer survey says yes
April 4, 2014
Wall Street is getting hungrier for private-label mortgage-backed securities, if the Federal Reserve’s quarterly survey of senior credit officers is accurate.
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PIMCO expects U.S. economy to grow 2.5-3% in 2014

Biggest risk for growth? Ongoing tapering
March 31, 2014
PIMCO’s recently released cyclical outlook for the Americas is forecasting growth in the U.S. economy of 2.5-3% in 2014.
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4 reasons the Fed won't raise interest rates anytime soon

It has to do with jobs, jobs, jobs and jobs
March 31, 2014
Federal Reserve Chair Janet Yellen said early Monday that the economy and the job market are still ailing and that they will need “extraordinary” assistance from the central bank in the form of low interest rates “for some time.”
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BofA: Fed seems OK with declining home sales

Don't expect any increase in economic help
March 31, 2014
"Moreover, at this point, given the continued weakness in mortgage purchase activity, there is no evidence that a robust turn or recovery in sales will be seen in the months ahead," according to BofA analysts.
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