President Trump is said to have expressed reluctance to back penalty-free use of tax-advantaged 401(k) funds for down payments as he returned from the World Economic Forum in Davos, Switzerland. Processing Content Trump reportedly told representatives of news outlets like The Hill and USA Today who asked about the concept that he is “not a […]
Trump pulls back from 401(k) use for down payments Read More »
Federal efforts to push rates lower have helped boost mortgage production, but they are also creating headwinds for servicing that are starting to show up in earnings. Processing Content US Bank generated record revenue overall, but in the details beneath that top-line item was a $11 million drop in the valuation for servicing rights, net
Banks see MSR strain despite strong top-line results Read More »
US consumer sentiment increased to a five-month high in January as Americans grew more optimistic about the economy and their finances. Processing Content The final January sentiment index rose 3.5 points from a month earlier to 56.4, exceeding the preliminary reading, according to the University of Michigan. The figure surpassed all estimates in a Bloomberg
Consumer sentiment reaches five-month high in broad gain Read More »