Tag Archives: Wells Fargo

Wells Fargo providing $10K in down payment assistance in 8 metros

By | | Uncategorized
Comments Off on Wells Fargo providing $10K in down payment assistance in 8 metros

To qualify for grants being made through Wells Fargo’s existing Special Purpose Credit Program, homebuyers can’t earn more than 120 percent of the area median income. Continue reading →

Texas surged during COVID. Now, its luxury markets are being tested

By | | Uncategorized
Comments Off on Texas surged during COVID. Now, its luxury markets are being tested

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state’s luxury inventory thin. Continue reading →

US Bank, UWM join movement to boost minority lending

By | | Uncategorized
Comments Off on US Bank, UWM join movement to boost minority lending

With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Continue reading →

Builder confidence rises as low inventory hikes new-home demand

By | | Uncategorized
Comments Off on Builder confidence rises as low inventory hikes new-home demand

New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI. Continue reading →

Wells Fargo agrees to pay $1B to settle shareholder lawsuit

By | | Uncategorized
Comments Off on Wells Fargo agrees to pay $1B to settle shareholder lawsuit

Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading →

Builder confidence inches up as developers brace for lending anxiety

By | | Uncategorized
Comments Off on Builder confidence inches up as developers brace for lending anxiety

Builder confidence rose 2 points in the latest National Association of Home Builders’ Housing Market Index, but economists fear lending challenges in the wake of bank failures this month. Continue reading →

Wells Fargo lays off 140 as it backs out of correspondent mortgages

By | | Uncategorized
Comments Off on Wells Fargo lays off 140 as it backs out of correspondent mortgages

In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in Springfield, Illinois. Continue reading →

Wells Fargo exiting correspondent mortgage lending business

By | | Uncategorized
Comments Off on Wells Fargo exiting correspondent mortgage lending business

Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. Continue reading →

The biggest mortgage, lending and housing finance stories of 2022

By | | Uncategorized
Comments Off on The biggest mortgage, lending and housing finance stories of 2022

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →