SBA: PPP Loan Sales Retain Guaranty, Do Not Require SBA Approval

The University of Michigan Consumer Sentiment Index decreased 5.7% in August compared to the month prior, landing at 58.2, according to final results for the month.

Personal income increased 0.4%, or $112.3 billion, in July, the Commerce Department said. The personal savings rate was 4.4%.

More than two in three U.S. workers said they are “somewhat” or “very” stressed about their financial situation, according to a new survey by PNC Bank.

FinCEN issued an advisory urging financial institutions to be vigilant for suspicious activity related to Chinese money laundering networks used by Mexican drug cartels.

The rate for a 30-year fixed-rate mortgage was 6.56% this week. The rate for a 15-year fixed-rate mortgage was 5.69%.

Pending home sales fell 0.4% in July from the prior month, the National Association of Realtors said. Year over year, pending transactions were up 0.7%.