Tag Archives: Wells Fargo

HomeZada wins Wells Fargo Innovation Challenge

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Long-term home management app HomeZada, initially reviewed by Inman in 2015, beat out six other finalists in the Wells Fargo Innovation Challenge, according to a company announcement. Continue reading →

Homebuilders suspect demand for new homes will fall even further

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With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun. Continue reading →

Builder confidence drops to lowest level in 8 years as fall drop-off looms

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Builder confidence in the newly built single-family home market fell three more points in September, to a score of 46 on the Wells Fargo Housing Market Index, according to data released Monday. Continue reading →

Bank of America’s new ‘solution’ helps minorities own homes

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The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15 billion commitment to help 60,000 individuals and families purchase homes by 2025. Continue reading →

Wells Fargo reportedly eyeing ‘major retreat’ from mortgage

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Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank’s home loan business. Continue reading →

Credit card revenues surpass mortgages at Wells Fargo in Q2

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Rising interest rates and a shrinking branch network are cutting into Wells Fargo’s mortgage business, and bank executives say they’re fine with that. Continue reading →

The real estate companies offering support in the wake of Roe v. Wade

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A number of companies have offered to pay for travel and health-care expenses associated with abortion, should their employees need to travel out of their state for the operation. Continue reading →

‘Clear sign’ of a slowing housing market as builder confidence falls

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Homebuilder confidence fell 2 points in June to 67, marking the lowest reading since June 2020, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading →

From ‘Better’ to worse: Real estate companies making layoffs so far

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With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading →

Rocket and Wells Fargo eye buyouts and layoffs in face of rising rates

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Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8 percent of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week. Continue reading →