Home lending and servicing figured prominently in the quarterly results declared by Wells Fargo, JPMorgan Chase and Citigroup on Friday. Here’s how these banks performed in Q3.
Read More »Moody’s Rates Wells Fargo’s First RMBS in 10 Years
Wells Fargo’s first RMBS securitization in a decade received a provisional rating from Moody’s. Here’s what the ratings agency had to say about these securities.
Read More »Wells Fargo to Re-enter the RMBS Bond Market
Wells Fargo is set to enter the private RMBS market after a gap of 10 years with a bond deal according to recent reports. Here are the details about the bond and why the bank made the decision to come back to this space.
Read More »Tackling Natural Disasters, One Borrower at a Time
From mobile response units to consumer education, here’s how mortgage lenders are reaching out to borrowers to help them cope with natural disasters and prepare for such eventualities.
Read More »Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
Read More »Wells Fargo Grants Support Sustainable Housing for Veterans
The Wells Fargo Housing Foundation awarded the grants as part of its third annual VeteranWINS grant program, supporting community-based nonprofits focused on addressing homelessness, rehab, and transitional housing for veterans.
Read More »Industry Veteran Brad Blackwell Announces Retirement
As EVP, Housing Policy & Homeownership Growth Strategies for Wells Fargo Home Lending, Blackwell, who will retire in September has focused his work on enabling sustainable homeownership.
Read More »Lawmakers React to Wells Fargo Fine
Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what lawmakers from both sides are saying.
Read More »Perry Hilzendeger to Lead Wells Fargo’s Home Lending Servicing
As head of Home Lending Retail, Hilzendeger will oversee nearly 15,000 retail production team members in mortgage and home equity sales, underwriting, fulfillment and support functions.
Read More »How Much Have Banks Been Fined Since the Crisis?
According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...
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