...to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for November. The HMI reported a reading of 63 in November, the third straight month it has...
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The Week Ahead: Can Housing Starts Keep Up the Pace?
...That’s great news for both the economy and the consumer.” NAHB Housing Market Index for November 2016, Wednesday, November 16 The National Association of Home Builders (NAHB)/Wells Fargo Housing Market...
Read More »Housing Affordability Takes a Hit
Continuous home price appreciation outpacing declines in mortgage rates made a dent in housing affordability in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity...
Read More »‘Buyer Remorse’ Over Lender Choice Sets in for Some
...the mortgage experience for our clients.” The most significant over-the-year improvements in overall satisfaction rating were by Wells Fargo Home Mortgage (up 52 points to 832) and Nationstar Mortgage (up...
Read More »A New Chapter: The Trump Effect on Regulation
...Chase closed Tuesday at 70.03 and was up to 73.61 by Wednesday afternoon. Wells Fargo closed Tuesday at 46.33 and was up to 48.17 by Wednesday afternoon. One thing is...
Read More »Supreme Court Hears Arguments in Redlining Case
...of America and Wells Fargo over redlining. Miami alleges in its suit that the banks violated the Fair Housing Act when they “refused to extend credit to minority borrowers when...
Read More »Market Headwinds Cannot Shake Builder Confidence
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Tuesday reported a decline of two points down to 63 from September to October, indicating that builder...
Read More »Nonbanks are Grabbing a Larger Market Share
...from 44 percent to 48 percent from Q4 2014 to Q4 2015 and credit unions’ market share stayed flat at 9 percent, according to Bankrate.com. According to Bankrate.com, Wells Fargo...
Read More »Mortgage Production Drives BOA’s Q3 Profits
Bank of America managed to escape the fate that befell JPMorgan Chase, Citigroup, PNC, and Wells Fargo in Q3. Whereas those four banks all experienced a year-over-year decline in net...
Read More »For Now, Wells Fargo’s Earnings are Solid
...will affect Wells Fargo’s earnings for the fourth quarter, but on Friday, the bank reported solid earnings for Q3. In the third quarter, Wells Fargo posted a net income of...
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