An upcoming Five Star Institute Webinar will delve into the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, a decrease in savings, increased credit card usage, and overall consumer weariness, among other topics.
Read More »Mortgage Purchase Apps Fall 44% YoY
Overall mortgage application volume fell 5.7% week-over-week, with homebuyers again retreating to the sidelines as a spike in mortgage rates hampered affordability.
Read More »Wells Fargo to Pay $3.7B as Part of CFPB Agreement
“This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us,” said Charlie Scharf, Wells Fargo’s CEO.
Read More »Wells Fargo Partners With National Urban League on Appraiser Diversification Initiative
A new $5 million grant will help certify up to 260 diverse appraisers in the Atlanta, Charlotte, and Houston regions.
Read More »Kristy Fercho Named Wells Fargo’s Head of Diverse Segments
Wells Fargo’s current Head of Home Lending will transition to role of integrating diversity, equity, and inclusion into every aspect of the company’s business.
Read More »Learning to Pivot
As the population continues to grow and single-family home builds slip, multifamily builds and build-to-rent are hitting historic highs.
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 ...
Read More »Wells Fargo Commits $2B to Support Housing Affordability
Issuance of new Sustainability Bond will be used for housing affordability project design for low- and moderate-income populations.
Read More »Kick-Starting D&I Initiatives in the Mortgage Finance Space
Five Star’s Diversity and Inclusion Symposium assembled a number of D&I experts for a day of advancing the diversity conversation within the mortgage industry.
Read More »Wells Fargo Partners with Habitat for Humanity to Build Affordable Homes
As homeownership remains out of reach for many families, Wells Fargo has announced an effort to support new home construction, renovation, and repair of more than 350 affordable ...
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