Tag Archives: Wells Fargo

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 →

Wells Fargo warns it will cut costs as mortgage lending continues to slide

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Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices. Continue reading →

Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

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Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading →

Builder confidence drops to lowest level in more than a year

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Nationwide builder sentiment fell by 5 points to 75 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading →

First American providing same-day title decisions on eligible mortgage refis, home equity loans

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Taking a page from the playbook of a fintech upstart, the nation’s largest title insurance underwriter is making an automated title decision engine available to title agents. Continue reading →