Former Wells Fargo Head of Home Lending comes out of retirement to lead GSE.
Read More »Big Four U.S. Banks Report Widespread Loan Deferral
As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear.
Read More »Pandemic’s Impact on JPMorgan, Wells Fargo
While one posted record revenues, the other’s CEO said he was “extremely disappointed” in the Q2 2020 results, which saw its mortgage income fall drastically.
Read More »Wells Fargo Names New Chief Economist
Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company has announced Jay Bryson has been named Chief Economist for its division, effective immediately.
Read More »Wells Fargo Receives ‘Outstanding’ Community Reinvestment Act Rating
Here are the other banks in the Office of the Comptroller of the Currency list of CRA performance evaluations of national banks, federal savings associations, and insured federal branches of foreign banks
Read More »Wells Fargo: No New HELOCs Due to Current Market Conditions
Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages.
Read More »Wells Fargo Names New Head of Operations
Lester Owens joins Wells Fargo from Bank of New York Mellon. Prior to joining BNY Mellon, he spent 10 years at JP Morgan Chase, where he was responsible for Global Wholesale Banking Operations, among other roles.
Read More »Wells Fargo Nears $18.5M Foreclosure Settlement
A district judge said he is likely to approve a settlement of allegations involving wrongful foreclosures caused by a computer error.
Read More »Wells Fargo, JPMorgan’s Revenues Drop
Click through to read more details on the balance sheets for the banking giants during Q1 2020.
Read More »Maxine Waters Responds to Wells Fargo Request
The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal.
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