Are REOs ready for a comeback?

Are REOs ready for a comeback?

Clear Capital: Increases in distressed, seasonal changes suggest yes

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie
W S

Wells Fargo Enters Joint Venture to Fund NYC Broker's Mortgages

/ Print / Reprints /
| Share More
/ Text Size+
Wells Fargo Ventures and mortgage brokerage firm Prudential Douglas Elliman Real Estate have partnered to create a new wholesale lending operation. DE Capital Mortgage will replace Prudential Douglas Elliman’s Preferred Empire Mortgage Company, its previous wholesale lending unit. Co-owner Wells Fargo Ventures is the venture capital subsidiary of Wells Fargo (WFC). The new business unit will serve as the financing component of Prudential Douglas Elliman, which also provides mortgage, title and property management services in New York City. The partnership will provide Prudential Douglas Elliman home buying customers with Wells Fargo Home Mortgage's underwriting, processing and servicing services. “With this joint venture, our clients will enjoy the ability to obtain a mortgage directly from our affiliate, DE Capital Mortgage — with competitive rates, high-touch service, a broad product line and convenience,” said Dottie Herman, the president and CEO of Prudential Douglas Elliman, in a statement. Write to Austin Kilgore.

Recent Articles by Austin Kilgore

Comments powered by Disqus