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 »
Nothing of any great importance came out of yesterday’s 10:00 numbers; Personal Income was slightly lower than expected but everything else was as expected, and who knows if month-old numbers even matter. Processing Content From low yields made early yesterday treasuries faded until around 10:30 when buyers stepped up and by noon the 30-year yield
Treasury yields wobble as technical gaps come into play Read More »