Here’s what the bank had to say to a lawsuit filed by a loan officer in California that could have a broader impact on the bank’s wage and commission practices for its mortgage business.
Read More »How Wells Fargo is LIFTing Communities
Click through to learn how the bank’s initiative for low- and moderate-income households has helped with the purchase of $2 billion in real estate since 2012.
Read More »How Home Lending Impacted the Big Banks
The results of JPMorgan Chase, Wells Fargo, and Citi reflected a subdued Q4. Click through to learn how their numbers stacked up and the factors that affected their earnings estimates.
Read More »Tackling the Effect of the Shutdown
While the effects of the longest government shutdown in history are being felt by the housing market, it has particularly affected affordable housing and community development. Here’s how lenders and housing agencies are addressing the challenges associated with this shutdown.
Read More »Why the Shutdown Is Hurting Everyone
Here’s how agencies and mortgage borrowers are being affected by the partial government shutdown that began on December 22.
Read More »Gauging Mortgage Performance
Click through to learn what an OCC report on mortgage performance data of some of the largest banks in the U.S. revealed about the state of mortgage loans.
Read More »Wells Fargo Addresses Technical Glitch
While an expanded review of its loan modification products revealed more borrowers being impacted than originally envisaged, here are some steps that the bank plans to take to remediate this error.
Read More »Wells Fargo’s Next Steps
Here’s what the recent leadership changes announced by Wells Fargo, after the departure of its Chief Administration Officer and Chief Auditor, mean.
Read More »What Government Officials and Homebuyers Fear Most
There’s a common preoccupation that keeps homeowners and government officials up at night, but what is it?
Read More »Senator Asks the Fed to Punish Major Bank’s CEO
A major figure in the U.S. Senate has urged the Federal Reserve to keep one of the biggest banks in the country under sanctions—unless or until the bank fires its CEO. Get the story here.
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