This morning I am heading to Knoxville to visit with the local chapter of the Tennessee Mortgage Bankers Association. On my way I received an email asking, “I’m trying to place a high bal loan on a manufactured house on acreage. Any suggestions?” Nope, no suggestions. This is not an ad, but you should start with Mortgage Elements: enter the state, and then the program, and see who’s doing what. And what about information on warehouse lending, and what it is telling us about the current lending environment? The Mortgage Bankers Association has its survey. The MBA’s Chart of the Week from mid-February showed that the average usage level of first-mortgage warehouse lines (the percentage of outstanding borrowings to warehouse facility limits) fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter of 2021. It was the lowest usage level since the inception of the survey in the second quarter of 2018. Meanwhile, at the other end of
This morning I am heading to Knoxville to visit with the local chapter of the Tennessee Mortgage Bankers Association. On my way I received an email asking, “I’m trying to place a high bal loan on a manufactured house on acreage. Any suggestions?” Nope, no suggestions. This is not an ad, but you should start with Mortgage Elements: enter the state, and then the program, and see who’s doing what. And what about information on warehouse lending, and what it is telling us about the current lending environment? The Mortgage Bankers Association has its survey. The MBA’s Chart of the Week from mid-February showed that the average usage level of first-mortgage warehouse lines (the percentage of outstanding borrowings to warehouse facility limits) fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter of 2021. It was the lowest usage level since the inception of the survey in the second quarter of 2018. Meanwhile, at the other end of
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Quarterly Results
Earnings per share rose 242.86% over the past year to $1.92, which beat the estimate of $1.03.
Revenue of $688,586,000 higher by 56.53% from the same period last year, which beat the estimate of $589,750,000.
Guidance
Stewart Information Servs hasn t issued any revenue guidance for the time being.
Price Action
52-week low: $25.81
Company Description
Stewart Information Services Corp is a provider of real estate services. The company offers residential and commercial title insurance and closing and settlement services to the mortgage industry. Its operating segments include title insurance and related services, and ancillary services and corporate. Title insurance and related services include the functions of searching, examining, closing and insuring the condition of the title to real property. Ancillary services and corporate segment provide search and valuation services to the mortgage industry through Stewart Lender Services.