Tag Archives: Wells Fargo

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 →

What agents should know about working with institutional investors

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Formerly a commercial real estate agent, Dan Noma, Jr. has focused his work on institutional investors for more than a decade. Here, he shares what he’s learned and why agents should consider this sector of the industry. Continue reading →

How agents can nab new inventory as moratoriums expire

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It’s unclear exactly how many properties will be freed up after federal eviction and foreclosure moratoriums expire at the end of July. But whichever way it goes, agents will want to be prepared. Continue reading →

Digital closing firm Doma sees agents as key area for growth

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Doma, which plans to go public this month on the strength of its digital title insurance, escrow and closing platform, is intent on growing its business with real estate agents. Continue reading →