...monitor, released a preliminary ""report"":https://www.mortgageoversight.com/wp-content/uploads/2012/08/ProgressReport08292012.pdf to inform the public of the servicers' progress so far. [IMAGE] Thus far, the five servicers ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Bank of America, JPMorgan Chase, Wells Fargo, Citigroup,...
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Wells Fargo to Donate $500K in Homes to Vets, Families
""Wells Fargo"":https://www.wellsfargo.com/ announced recently that it will donate up to $500,000 in bank-owned homes to qualifying veterans and their families. [IMAGE] The lender will hand over these properties to veterans...
Read More »Fannie Mae Sees ‘Improvements’ in Servicers
...half of this year, including CitiMortgage, EverBank, GMAC Mortgage, Green Tree Servicing, JPMorgan Chase, Nationstar Mortgage, PHH Mortgage, Seterus, and Wells Fargo. Of the third peer group, 11 of 13...
Read More »Originations Outpace Expectations in Second Quarter
...quarter was Wells Fargo with 33.1 percent market share. JPMorgan Chase ranked second, taking 11.1 percent of the market share. Seven of the top 25 originators experienced declines in origination...
Read More »Fitch: ‘Volatile’ Buyback Claims Up for Bigger Banks
...rose to 12 percent from the previous year. Wells Fargo saw some improvement. Buyback claims fell 10 percent for the company on a linked-quarter basis. The report held that JPMorgan...
Read More »Wells Fargo Faces Discrimination Suit Over Commercial Loans
""Wells Fargo"":http://www.businesswire.com/news/home/20120817005763/en/Medical-International-Files-Discrimination-Suit-Wells-Fargo faces litigation from Best Medical, Inc., part of Virginia-based TeamBest, which creates and distributes medical products and technology. The litigation, which originated in spring 2010, was elevated to...
Read More »Declining Affordability Is Good for the Market: NAHB
...the ""Housing Opportunity Index (HOI)"":http://www.nahb.org/news_details.aspx?sectionID=135&newsID=15477 released Monday by the ""National Association of Home Builders (NAHB)"":http://www.nahb.org/default.aspx and ""Wells Fargo."":https://www.wellsfargo.com/ [IMAGE] Despite the decline, ""interest rates and overall housing affordability remain very...
Read More »Builder Confidence Soars To Five-plus Year High in August
...Six month earlier ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô in December ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the outlook for sales six month ahead had improved. The index, built based on surveys conducted jointly by the NAHB and Wells Fargo,...
Read More »FDIC Goes After 12 Banks for Misrepresenting RMBS
...some of the nation's largest banks, including ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm, ""Citi"":http://www.citigroup.com/citi/, ""Bank of America"":https://www.bankofamerica.com/ and ""Wells Fargo"":https://www.wellsfargo.com/. The 12 banks sold more than $388 million in securities to colonial bank, and...
Read More »Settlement Monitor Chooses Secondary Law Firms
...firm responsible for evaluating servicers Ally Financial, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. ""Each secondary professional firm has a high level of expertise that will bring the...
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