Consumer sentiment was first quantified in 1952. Last month it hit its second lowest level in 73 years. As one headline said, “From ‘anxious’ to ‘petrified.’” Great, but is the economy really that bad? There’s always been demand for our securities, but if that fades, we will, whether it is the U.S. Government or mortgage-backed securities, will have to offer higher yields to attract investors. It doesn’t help, as one person wrote to me, that “We’re in a math contest with the Chinese” over tariffs. The United States has long maintained a close trade relationship with China, one that is poised for upheaval given new tariffs. The $438.9 billion in imports is assiduously catalogued by the United States International Trade Commission, and a new analysis of that data reveals which goods we do not get from anywhere else in the world. For instance, given China’s extensive printing industry, 93 percent of all Children’s books ($505 million worth of product) imported to the U.S. come from China, as do 97 percent of baby carriages and parts ($380 million in goods). China also dominates fireworks imports (95 percent), umbrellas (96 percent) and vacuum flasks (96 percent).
MortgageFlex Servicing announced the addition of numerous enhancements and integrations to the MortgageFlexONE Servicing software application. Striving to make its software application the most powerful and user-friendly solution in the mortgage servicing and default space, MortgageFlex Servicing welcome feedback from its customers and the industry on how to improve its products.
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