Updated with statements from JPMorgan and Wells Fargo. Wells Fargo and JPMorgan have agreed to pay a combined $35.7 million in penalties and redress over their roles in an alleged...
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Builder Confidence Edges Down in First 2015 Index
A decline in future home sales expectations weighed down on homebuilder confidence in January, though hopes still remain high overall. The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment...
Read More »Fourth-Quarter Earnings Down at Goldman Sachs
...JPMorgan Chase and Wells Fargo reported gains. New York-based investment bank Goldman Sachs reported a slight year-over-year decline in Q4 2014 net earnings, but for the whole year of 2014...
Read More »Wells Fargo, JPMorgan Kick Off Earnings Season with Q4 Reports
...up to $4.10. Wells Fargo's 2014 revenue of $84.3 billion represented a 1 percent increase from 2013. "Wells Fargo had another strong year in 2014, with continued strength in the...
Read More »Supreme Court Prepares to Hear Disparate Impact Arguments
...in several multi-million dollar settlements against lenders such as Bank of America, Wells Fargo, and others. The Supreme Court was scheduled to hear cases that involved disparate impact claims in...
Read More »Labor Indicators Support Predictions of Housing Rebound
...jobless rates of at least 10 percent and 147 metros posted jobless rates of less than 5 percent. Reports from economists at CoreLogic and Wells Fargo released in December indicated...
Read More »Intense Regulations Sow Homogeny Where Diversity Once Flourished
...services, requested details about Nationstar Mortgage Holdings' staffing levels, modification procedures, and affiliated businesses following "hundreds of complaints" from New York consumers. Just a few weeks before, Lawsky halted Wells...
Read More »Year in Review: Origination News
...audience that the rules reflect a common-sense approach to lending. Report: Wells Fargo Setting Sights Back on Subprime: Wells Fargo wasn't the only lender to flirt with the idea of...
Read More »Ocwen Reaches Settlement with New York Regulator
...of a major mortgage servicing rights deal between Ocwen and Wells Fargo. At the time, DFS head Benjamin Lawsky said the agency had questions about the company's growth, its treatment...
Read More »Forecast: Full Steam Ahead for Housing
The housing market will continue its gradual recovery and gain momentum in 2015 after a disappointing 2014, according to the Wells Fargo Economics Group 2015 Economic Outlook entitled "A Whole...
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