More Wells Fargo fallout: Feds to look into sales practices at other Wall Street banks

CFPB, OCC, other agencies to conduct reviews of big banks
Federal regulators are preparing to conduct reviews of the nation’s biggest banks, aiming to root out any of the aggressive cross-selling practices that led to Wells Fargo being fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million fake accounts to get sales bonuses.
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Wells Fargo launches ad campaign to earn back customer trust

Fallout from fake account scandal continues
Over the last few weeks, the bad news came fast and furious for Wells Fargo. New reports suggest that it’s going to get worse for Wells Fargo before it gets better, but the bank is taking a proactive approach to try to earn back some of the goodwill lost through this scandal.
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Why we should quit wasting money on consumer education

Here are 3 better ideas for the $128 million in the CFPB's civil penalty fund
In the first part of September, the CFPB collected $100 million from Wells Fargo after it was revealed that the bank’s employees had opened 2 million fake accounts that customers didn’t know about. By law, the CFPB has only two ways to spend that money: compensating victims harmed by financial institutions and educating consumers. If you have hundreds of millions of dollars that can only be spent on consumer education, it’s easy to imagine how that goal could take on a life of its own, spawning a bloated consumer education complex overnight. Here are some better ideas.
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RE/MAX getting into the mortgage business; launches Motto Mortgage

Plans to open mortgage brokerage franchises across the country
While most of the biggest names in mortgage lending are focused on the Mortgage Bankers Association’s annual conference, taking place right now in Boston, one of the biggest names in real estate revealed that it is getting into the mortgage business. On Tuesday, RE/MAX announced that it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide.
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Case-Shiller: Rising house prices just below record highs

Catching up with 2006
Home prices are continuing to rise; now mere basis points below the all-time highs for prices, set in 2006. According to the latest data released Tuesday by S&P Dow Jones Indices and CoreLogic, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, reported a 5.3% annual gain in August, just off the July 2006 peak.
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Economist: Home price gains aside, housing is still really affordable

Mark Fleming tells all at MBA Conference
Home prices are going up, with some markets already hitting housing boom peaks, but that doesn’t mean affordability is strained. According to First American’s chief economist, real home prices are actually far below housing boom levels, and much more affordable. Here’s the latest from what housing experts are saying in Boston.
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Homeowners facing foreclosure hit 9-year low

Black Knight report shows only 1% of all mortgages in active foreclosure
A new report from Black Knight Financial Services shows that by one metric, the housing market is healthier than it’s been since the crisis began. According to new data released Tuesday morning by Black Knight, the rate of loans in active foreclosure is lower right now than at any point in the last nine years.
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This is where mortgage technology is headed

One day soon, entire lending process will be online
Technology is revolutionizing the way our world thinks, works, communicates and even plays. When it comes to the housing industry, however, it seems to lag a bit behind, but that could all be about to change. Panelists from the MBA conference in Boston chime in on the subject.
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CoreLogic bet on property valuations pays off big time

3Q earnings are in and they are pretty
Third quarter reported revenues totaled $524 million compared with $386 million in the same 2015 period. That year-over-year increase of 36% is driven primarily by its valuation solutions business, which started booming back in the second quarter.
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