Wells Fargo’s rapidly shrinking mortgage business
Wells Fargo’s rapidly shrinking mortgage business
Abstract
Wells Fargo's mortgage business is expected to decline nearly 50% in Q2, it said. The lender already is shrinking its home lending footprint. The post Wells Fargo's rapidly shrinking mortgage business appeared first on HousingWire.
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Wells Fargo's mortgage business is expected to decline nearly 50% in Q2, it said. The lender already is shrinking its home lending footprint.
The post Wells Fargo’s rapidly shrinking mortgage business appeared first on HousingWire.
Wells Fargo's mortgage business is expected to decline nearly 50% in Q2, it said. The lender already is shrinking its home lending footprint.
The post Wells Fargo’s rapidly shrinking mortgage business appeared first on HousingWire.
Wells Fargo's rumored exit from the correspondent lending channel could benefit nonbank rivals, such as Pennymac, Rocket Mortgage and Amerihome.
The post Who’s positioned to capitalize on Wells Fargo’s mortgage retreat appeared first on HousingWire.
Wells Fargo's rumored exit from the correspondent lending channel could benefit nonbank rivals, such as Pennymac, Rocket Mortgage and Amerihome.
The post Who’s positioned to capitalize on Wells Fargo’s mortgage retreat appeared first on HousingWire.
Home price values of the underlying pool are more than 10% above a long-term sustainable level. The sustainable level from a national point of view is 9.2%.
Home price values of the underlying pool are more than 10% above a long-term sustainable level. The sustainable level from a national point of view is 9.2%.
Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface integration to try and drum up business for lenders.
Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface integration to try and drum up business for lenders.
Bank’s CFO said it was the largest quarter-to-quarter drop since 2003
Bank’s CFO said it was the largest quarter-to-quarter drop since 2003
The gap in the homeownership rate between black and white families in the US is bigger today than it was 50 years ago. Read about how we ended up here:
The post The History of America’s Black Homeownership Gap appeared first on Homie Blog.
The gap in the homeownership rate between black and white families in the US is bigger today than it was 50 years ago. Read about how we ended up here:
The post The History of America’s Black Homeownership Gap appeared first on Homie Blog.
"The mortgage market is expected to remain challenging in the near term," Mike Santomassimo, Wells Fargo's chief financial officer, said Friday. "We are making adjustments to reduce expenses in response to lower origination volumes, and we expect these adjustments will continue over the next couple of quarters."
The post Wells Fargo: Our mortgage business will “naturally” decline appeared first on HousingWire.
"The mortgage market is expected to remain challenging in the near term," Mike Santomassimo, Wells Fargo's chief financial officer, said Friday. "We are making adjustments to reduce expenses in response to lower origination volumes, and we expect these adjustments will continue over the next couple of quarters."
The post Wells Fargo: Our mortgage business will “naturally” decline appeared first on HousingWire.
Wells Fargo’s head of consumer lending is leaving just two years after being hired by CEO Charlie Scharf.Mike Weinbach, whom Scharf poached from JPMorgan Chase in the early days of his tenure, will leave Wells Fargo in mid-September to help the division transition to its new leader. Kleber Santos, the bank’s head of diverse segments, representation and inclusion, became the consumer lending group’s new chief on Monday.The departure comes as the $1.9 trillion-asset Wells Fargo continues co...
Wells Fargo’s head of consumer lending is leaving just two years after being hired by CEO Charlie Scharf.Mike Weinbach, whom Scharf poached from JPMorgan Chase in the early days of his tenure, will leave Wells Fargo in mid-September to help the division transition to its new leader. Kleber Santos, the bank’s head of diverse segments, representation and inclusion, became the consumer lending group’s new chief on Monday.The departure comes as the $1.9 trillion-asset Wells Fargo continues co...
A lawsuit accusing Wells Fargo of discriminating against Black borrowers seeking refinances will move forward after a federal judge this week rejected the bank’s argument to toss the case. Wells, facing five similar discrimination suits, sought to dismiss the complaint brought in March by plaintiff Aaron Braxton filed in the U.S. District Court for the Northern District of California. It also asked for Braxton’s case to be postponed pending the outcome of plaintiff Christopher Williams’ ...
A lawsuit accusing Wells Fargo of discriminating against Black borrowers seeking refinances will move forward after a federal judge this week rejected the bank’s argument to toss the case. Wells, facing five similar discrimination suits, sought to dismiss the complaint brought in March by plaintiff Aaron Braxton filed in the U.S. District Court for the Northern District of California. It also asked for Braxton’s case to be postponed pending the outcome of plaintiff Christopher Williams’ ...
The Black Homeownership Collaborative has joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce MIP and suspend life-of-loan requirements for borrowers with FHA-insured loans.
The post Black homeownership group, MBA call for MIP cut appeared first on HousingWire.
The Black Homeownership Collaborative has joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce MIP and suspend life-of-loan requirements for borrowers with FHA-insured loans.
The post Black homeownership group, MBA call for MIP cut appeared first on HousingWire.