Bottom line: A double-digit spike in fee revenue at U.S. Bancorp pushed third-quarter net income to $2.0 billion. Expert quote: “We’re feeling very good about the momentum organically over time, and certainly see very real opportunity and quite a lot of runway,” said CEO Gunjan Kedia. Key insight: Return on tangible common equity totaled 18.6% […]
U.S. Bank keeps focus on organic growth after strong quarter Read More »
Mortgage rates declined for the second week in a row, as the 10-year Treasury in recent days has flirted with falling below the 4% mark. Last Thursday, the 10-year closed at 4.15%. As of 11 a.m. on Aug. 16, it was at 4.04%, helped by recent comments by Federal Reserve Chairman Jerome Powell regarding both
Mortgage rates move lower, driven by shutdown uncertainties Read More »
Rocket Mortgage might have been a few weeks behind its competition in announcing its presumptive 2026 conforming loan limit increase, but it took that time to go higher than the rest of the market. United Wholesale Mortgage, Pennymac, Crosscountry and Rate all announced in late September they were now purchasing single-family mortgages up to $819,000
Rocket’s 2026 early conforming limit hike tops others by $6k Read More »