Tag Archives: Wells Fargo

Wells Fargo has announced the latest target area for NeighborhoodLIFT program, an initiative designed to boost homeownership at the local level.

It has been a tumultuous week for Wells Fargo that included a leadership change at the top. It remains to be seen how these changes will affect Q4 profits, but as for Q3, the bank turned in a solid report.

Wells Fargo Chairman and CEO John Stumpf announced his retirement, effective immediately, on Wednesday. See what financial industry stakeholders had to say about it.

Wells Fargo Chairman and CEO John Stumpf was questioned by the House Financial Services Committee on Thursday over his bank's retail sales practices, which cost the bank $185 million in penalties from regulators.

Wells Fargo Chairman and CEO John Stumpf sat before the Senate Banking Committee on Tuesday and profusely apologized for the controversy that has rocked all sectors of the financial industry in the last two weeks.

Wells Fargo, U.S. Bancorp, and PNC Financial Services Group all continued what JPMorgan Chase started, reporting increased mortgage activity for the second quarter of 2016.

As for the growing sentiment in the mortgage industry that millennials are not interested in homeownership, the survey results seem to indicate the contrary.

The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.

Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.

Wells Fargo unveiled new corporate social responsibility goals that are intended to address global social, economic, and environmental challenges, including a multibillion-dollar mortgage pledge to minority and low-income communities.