Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'Wells Fargo'

ARTICLES

Wells Fargo: The key ingredient to strong mortgage lending

"There is a large need for home mortgage consultants"
Brena Swanson
As the mortgage industry changes, Wells Fargo seeks to mirror it in order to best meet its customer needs. In an interview with HousingWire, April Taylor, Wells Fargo Home Mortgage senior vice president talent acquisition manager, explained what helps make Wells Fargo lenders tick.
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Will mortgage lenders offer 3% down GSE products?

Bank of America is not doing FHFA mortgages but AMCAP is
Brena Swanson
Fannie Mae and Freddie Mac opened the door to 97% loan-to-value mortgages, but lenders are not rushing to go through it. While those mortgages are good news for first-time homeowners, it may be some time before this product takes hold.
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Cook County accuses Wells Fargo of predatory lending

Wells Fargo says the case is baseless
Brena Swanson
Cook County, Illinois, home to Chicago, has put the spotlight on top mortgage lender Wells Fargo, accusing it of targeting black and Latino borrowers for more costly home loans than their white counterparts.
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Wells Fargo, DOJ losing “optimism” for lawsuit settlement

Wells Fargo lawyer says litigation may continue
Ben Lane
A settlement between Wells Fargo and the U.S. Department of Justice over claims that Wells Fargo misled the U.S. Department of Housing and Urban Development into believing its loans qualified for insurance from HUD's Federal Housing Administration has hit another snag.
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Cancelation of Wells Fargo deal spells more trouble for Ocwen

Stock approaching new low for the year
Ben Lane
Considering the fact that Ocwen Financial announced the cancelation of its $2.7 billion mortgage servicing rights deal with Wells Fargo after the stock market closed yesterday, the company probably knew that its stock was going to take a hit when the market reopened on Friday. And that’s just what happened.
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Massive MSR deal between Wells Fargo and Ocwen is officially dead

Deal was put on hold by NYDFS in February
Ben Lane
The long-delayed $2.7 billion mortgage servicing rights deal between Ocwen Financial and Wells Fargo is now dead, the companies announced late Thursday. In February, the New York Department of Financial Services put an indefinite hold on the transaction. Now, any hope of reviving the deal is futile.
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Report: NYDFS Superintendent Ben Lawsky to step down in 2015

Did Ocwen’s bad year just get better?
Trey Garrison and Ben Lane
Start spreading the news, Benjamin Lawsky is reportedly leaving the New York Department of Financial Services.
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KBW upgrades Nationstar on second look at MSRs

Sterne Agee lowers FY2014 EPS estimate
Trey Garrison
Nationstar Mortgage Holdings is getting a little more love after its rough time last week following its announcement of declining revenue for the third quarter.
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Here's why Wells Fargo believes in Nationstar

Largest mortgage bank says don’t sell nonbank mortgage firm
Trey Garrison
Nationstar Mortgage Holdings took a beating Thursday, dropping more than 20% after posting declining revenue for the third quarter. Analysts at Wells Fargo smell opportunity, and here's why.
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KBW: Here’s where mortgage earnings fell short

Future looks a little better
Brena Swanson
Now that the majority of mortgage bank earnings are in, the results are nowhere close to last year’s record levels. Here’s a chart of exactly where earnings missed the mark.
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