This week’s only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rates recovered only modestly when those threats abated–a fact that had everything to do with the bond market refusing to return to last week’s levels […]
Mortgage Rates Close Out Extremely Flat Week Read More »
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 »