Home / Tag Archives: Wells Fargo (page 10)

Tag Archives: Wells Fargo

Making Amends

Wells Fargo CEO Tim Sloan addressed his team on Tuesday to share the measures the bank is taking to amend the harm done in previously opening unauthorized accounts. See how Sloan plans to rebuild trust in Wells Fargo stakeholders.

Read More »

Investment Opportunity in Wells Fargo

Wells Fargo has had a tough time when it comes to lawsuits as of late, but their latest issue concerning malfeasance related to mortgage lending could possibly result in shareholders. See why in the Video Spotlight.

Read More »

Financials Take a Broad Hit

Wells Fargo, JPMorgan Chase, and Citigroup reported their second quarter earnings on Friday morning. Read on to see their figures and exactly how the market reacted.

Read More »

OCC: Servicer Report Card

The Office of the Comptroller of the Currency released its first quarterly Mortgage Metric Report for 2017, detailing servicing data for seven major national banks. See how they fared compared to last quarter.

Read More »

Analyzing Risks and Disruption

FitchRatings announced it will be placing U.S. residential mortgage backed securities classes on Rating Watch Negative. What brought them to this decision and what does it mean for the company?

Read More »

Tear-Down Starts Boast Year-Over-Year Increase

A recent estimate of single-family tear-down starts in 2016 calculated that the number has increased from 2015’s average. A tear-down start is defined by a home that was built on land that was once previously the sight of another structure. And while these figures are only estimates, the report finds that the increase in tear-down starts in indicative of the continued recovery of the single-family housing market.

Read More »

Builder Confidence Shaky as Labor, Lot Shortages Continue

Home builders are plagued with labor and lot shortages, and it’s causing their confidence in the single-family market to waver, according to new data released this week. Overall, builder confidence in the single-family residential market has dropped by two points in June. Single-family production fell 3.9 percent for the month of May, while multifamily construction dropped 9.7 percent. Overall, housing starts declined 5.5 percent across the nation.

Read More »

NMSA Sets Sights on Solving Vacant and Abandoned Property Issues

The National Mortgage Servicing Association (NMSA) announced the appointment of Jim Taylor, SVP of Property Preservation with Wells Fargo Home Mortgage Asset Management, to lead the organization’s effort to mitigate the threat that vacant and abandoned properties pose to homeowners and communities. Taylor, a 30-year industry veteran, leads asset management and preservation of Wells Fargo’s residential servicing portfolio while caring for the interests of the communities it serves. His first order of business will be partnering with his peers and regulatory agencies to develop a comprehensive national definition for what constitutes a vacant and abandoned property and honing a strategy for the harmonization of procedure for their treatment.

Read More »