Quarterly home lending activity retreated from the previous period at U.S. Bancorp. In addition, new applications taken point to a further slowdown this quarter.
From Oct. 1, 2016, through year-end 2016, the bank-holding company earned $2.1 billion prior to taxes, not much different than what it earned the prior quarter.
The Minneapolis-based financial institution disclosed the data, along with other operational and financial metrics, in its fourth-quarter 2016 earnings report.
Source: Mortgage Daily