As more Americans seek to purchase homes in an improving market, they’ll
need mortgage loans to do so. According to the latest Sector Focus
commentary from Turner Investments, mortgage lending may grow by
double-digit rates in 2013, to the benefit of title insurers and banks
that specialize in mortgages and refinancings.
Titled How the housing recovery is helping banks and title insurers, the
piece was written by the five Turner analysts who cover the
financial-services sector: Pablo Echavarria, global security
analyst; David Honold, portfolio manager/global security analyst; Sorin
Roibu, global security analyst; Mark Turner, president and senior
portfolio manager; and Rick Wetmore, portfolio manager/global security
analyst. Turner Investments, based in Berwyn, Pennsylvania, publishes Sector
Focus commentaries monthly as part of the continuing efforts of its
five teams of security analysts to monitor market sectors for its
According to the analysts, “Just as you can’t talk about the original
movie version of King Kong without mentioning Fay Wray, it’s hard
to talk about the state of mortgage lending without referring to the
health of the housing market.” Since signs of improvement in the housing
market abound, like a pickup in new-household formation and
home-building rates at five-year highs, a healthy increase in mortgage
lending should be on its way.
The analysts identify five financial-services firms providing mortgage
loans, refinancings, or title insurance that in their judgment appear to
be well positioned to benefit as the housing market rights itself:
EverBank Financial, First Republic Bank, Texas Capital Bancshares, Wells
Fargo, and Fidelity National Financial.
To read this January 2013 Sector Focus in its entirety, click on
this link to the Turner Investments Web site: www.turnerinvestments.com/financial-services.
Or call 484.329.2407 for a free copy of the piece.
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purposes only. They are not intended to reflect a current or past
recommendation; investment, legal, tax, or accounting advice of any
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sectors, securities, and/or markets discussed are solely for
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Turner Investments, founded in 1990, is an investment firm based in
Berwyn, Pennsylvania. As of December 31, 2012, we managed more than $10
billion in growth, global/international, and long/short investment
portfolios in stocks to both institutions and individuals.
As of December 31, 2012, Turner held in client accounts 569,440 shares
of EverBank Financial, 671,519 shares of Fidelity National Financial,
739,105 shares of First Republic Bank, 761,320 shares of Texas Capital
Bancshares, and 119,950 shares of Wells Fargo.