wells fargo

Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock)

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut

Spurred by low interest rates, consumers are taking out more mortgages, bolstering the profits of banks’ consumer divisions. But...

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut
Mini refinancing boom is a boost for lenders

Mini refinancing boom is a boost for lenders

It’s a small piece of good news for banks in the slowing housing market. There has been a mini...

Mini refinancing boom is a boost for lenders
Guggenheim and Singapore fund make move to buy Eastdil: report

Guggenheim and Singapore fund make move to buy Eastdil: report

A partnership between Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings is in advanced talks to buy Eastdil Secured...

Guggenheim and Singapore fund make move to buy Eastdil: report
Wells Fargo alleges CityPlace gave misleading information to appraiser tied to $150M loan

Wells Fargo alleges CityPlace gave misleading information to appraiser tied to $150M loan

The long-running dispute between Related Companies’ CityPlace in West Palm Beach and its lenders over a $150 million loan...

Wells Fargo alleges CityPlace gave misleading information to appraiser tied to $150M loan
Wells Fargo to pay $575M settlement over scandal involving mortgage division

Wells Fargo to pay $575M settlement over scandal involving mortgage division

Wells Fargo agreed to pay $575 million to all 50 states and the District of Columbia over misconduct that...

Wells Fargo to pay $575M settlement over scandal involving mortgage division
CRE investors see market slowdown amid shrinking borrowing costs vs. yields

CRE investors see market slowdown amid shrinking borrowing costs vs. yields

Commercial real estate investors are looking at the difference between long-term interest rates and property yields and are seeing...

CRE investors see market slowdown amid shrinking borrowing costs vs. yields
Wells Fargo software error led to hundreds of home foreclosures

Wells Fargo software error led to hundreds of home foreclosures

Wells Fargo disclosed that a software error contributed to hundreds of their customers losing their homes. In a filing...

Wells Fargo software error led to hundreds of home foreclosures
Wells Fargo expects CRE lending to decrease while bank copes with fallout from scandals

Wells Fargo expects CRE lending to decrease while bank copes with fallout from scandals

Wells Fargo expects its book of commercial real estate loans to shrink as the bank struggles with governance issues....

Wells Fargo expects CRE lending to decrease while bank copes with fallout from scandals
Sign of a slowdown? Wells Fargo cutting 600 mortgage jobs nationwide

Sign of a slowdown? Wells Fargo cutting 600 mortgage jobs nationwide

Wells Fargo said it would lay off more than 600 employees in its home mortgage business across. The reason:...

Sign of a slowdown? Wells Fargo cutting 600 mortgage jobs nationwide
Wells Fargo under investigation for alleged role in low-income housing tax credit fraud

Wells Fargo under investigation for alleged role in low-income housing tax credit fraud

Wells Fargo is being investigated by the U.S. Department of Justice for allegedly colluding with affordable housing developers nationwide...

Wells Fargo under investigation for alleged role in low-income housing tax credit fraud
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