...or loosening underwriting guidelines. Wells Fargo’s SPCP is structured as a refinancing program in which all Black borrowers with an FHA mortgage in the Wells Fargo servicing portfolio qualify for...
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Wells Fargo Partners With National Urban League on Appraiser Diversification Initiative
The National Urban League and Wells Fargo have announced a $5 million grant to create the Diverse Appraiser Initiative, a new program that aims to increase diversity and reduce barriers...
Read More »Kristy Fercho Named Wells Fargo’s Head of Diverse Segments
Kristy Fercho, Head of Diverse Segments, Representation, and Inclusion, Wells Fargo Kristy Fercho, Head of Home Lending for Wells Fargo, has been named the company’s new Head of Diverse Segments,...
Read More »Defining the Culture
...company (as well as the largest bank originator in the country). When her Wells Fargo position was first announced, Mike Weinbach, then CEO of Consumer Lending at Wells Fargo, called...
Read More »Wells Fargo Contributes $1M in Hurricane Relief for Florida
Wells Fargo has announced their donation of $1 million from the Wells Fargo Foundation to aid four statewide organizations providing urgent relief in Florida following the aftermath of Hurricane Ian....
Read More »FHFA Director Thompson Awarded Five Star’s Laurie A. Maggiano Legacy Award
...Ali Haralson, President of Auction.com; Miriam Moore, Division President, Default Services, ServiceLink; Ann Thorn, Head of Home Loan Servicing for Wells Fargo; and Cheryl Travis-Johnson, COO/EVP for VRM Mortgage Services....
Read More »Six in 10 Homebuilders to Use Tech in 2022
...(NAHB)/Wells Fargo Housing Market Index (HMI) fell six points in August to 49, marking the first time since May 2020 that the Index fell below the key break-even measure of...
Read More »Wells Fargo Commits $2B to Support Housing Affordability
...transportation. “Through the issuance of this second Sustainability Bond, Wells Fargo is continuing our commitment to strong, resilient communities,” said Wells Fargo Chief Sustainability Officer Robyn Luhning. “These efforts are...
Read More »Purchase Mortgage Apps Fall for Fourth Consecutive Month
...a decrease of 10.7% from the revised 56,000 new home sales in June. And that declining homebuilder sentiment was echoed the by the National Association of Home Builders (NAHB)/Wells Fargo...
Read More »Inconsistent Mortgage Rates Dip Once Again
...(NAHB)/Wells Fargo Housing Opportunity Index (HOI) reported that just 42.8% of new and existing homes sold between the beginning of April and end of June were affordable to families earning...
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