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Special Issue Archive
Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut
July 17, 2019 02:30PM
Spurred by low interest rates, consumers are taking out more mortgages, bolstering the profits of banks’ consumer divisions. But forecasted cuts by the Federal...
Mini refinancing boom is a boost for lenders
April 04, 2019 05:00PM
It’s a small piece of good news for banks in the slowing housing market. There has been a mini surge in mortgage and refinancing...
Guggenheim and Singapore fund make move to buy Eastdil: report
March 29, 2019 12:07PM
A partnership between Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings is in advanced talks to buy Eastdil Secured from Wells Fargo, according to...
Wells Fargo alleges CityPlace gave misleading information to appraiser tied to $150M loan
January 11, 2019 04:30PM
The long-running dispute between Related Companies’ CityPlace in West Palm Beach and its lenders over a $150 million loan just took another turn this...
Wells Fargo to pay $575M settlement over scandal involving mortgage division
December 28, 2018 05:30PM
Wells Fargo agreed to pay $575 million to all 50 states and the District of Columbia over misconduct that harmed customers, the latest in...
CRE investors see market slowdown amid shrinking borrowing costs vs. yields
December 18, 2018 02:30PM
Commercial real estate investors are looking at the difference between long-term interest rates and property yields and are seeing a sign the current market...
Wells Fargo software error led to hundreds of home foreclosures
November 07, 2018 09:45AM
Wells Fargo disclosed that a software error contributed to hundreds of their customers losing their homes. In a filing with the Securities and Exchange...
Wells Fargo expects CRE lending to decrease while bank copes with fallout from scandals
September 17, 2018 02:45PM
Wells Fargo expects its book of commercial real estate loans to shrink as the bank struggles with governance issues. CFO John Shrewsberry said during...
Sign of a slowdown? Wells Fargo cutting 600 mortgage jobs nationwide
August 24, 2018 05:00PM
Wells Fargo said it would lay off more than 600 employees in its home mortgage business across. The reason: Fewer people are buying homes....
Wells Fargo under investigation for alleged role in low-income housing tax credit fraud
August 13, 2018 11:30AM
Wells Fargo is being investigated by the U.S. Department of Justice for allegedly colluding with affordable housing developers nationwide to drive down the prices...
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