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CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

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Items Tagged with 'Wells Fargo'


S&P: Prime jumbo RMBS advance rates nose-dive

Subprime rates stabilize
July 28, 2014
"Bank servicers, such as Wells Fargo and JPMorgan Chase, have maintained a high (more than 90%) level of advancing on prime jumbo collateral," the analysts write. "However, nonbank servicers, such as Nationstar and Ocwen, have advance rates that are substantially lower and have been steadily declining over the past six months."
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Small mortgage lenders and large banks face off

Fannie Mae: Smaller lenders to contract credit standards
July 24, 2014
Lending standards are likely to tighten at smaller and midsize lenders over the next three months, but at the same time, the smaller guys are stealing larger banks' mortgage market share.
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Wells Fargo: Chicago home loan bank seeks Ginnie Mae alliance

Redwood Trust also plans joint venture
July 18, 2014
"Details are not known yet; however, based on news reports, this program could result in additional GNMA residential mortgage backed securities supply," said a research report from Wells Fargo.
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Nonbanks pounce on mortgage market

Big banks pull back
July 18, 2014
Nonbanks are swooping in on the extra market share that megabanks are losing ground on. At the same time, the nation’s two largest originators only made 21% of the home loans in the second quarter.
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JPMorgan, Goldman Sachs next on earnings’ horizon

Mega banks lose to smaller lenders
July 14, 2014
Next on the earnings list, Goldman Sachs and JPMorgan Chase, but according to one analyst, the two will post more of the same.
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Wells Fargo originations up 31%, executive excitement not

Results defy industry trends
July 11, 2014
Despite beating analyst expectations for its second-quarter earnings, Wells Fargo executives are less than thrilled about the origination results. But not everyone in the industry shares that opinion.
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Wells Fargo 2Q net income hits $5.7B

Mortgages recover from rough start to 2014
July 11, 2014
Mortgage giant Wells Fargo kicked off bank earnings on Friday, posting net income of $5.7 billion in the second quarter, or $1.01 earnings per share.
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Future of housing in question amid 2Q14 earnings release

First up, Wells Fargo
July 10, 2014
Friday ushers in the second-quarter earnings season, but the housing industry remains guarded as earnings are estimated to trend down slightly for most U.S. banks.
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BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
June 19, 2014
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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Wells Fargo on the brink of market-value milestone

Lender could be the most valuable bank
June 16, 2014
Wells Fargo is on the cusp of becoming the most valuable U.S. bank of all time, surpassing the record held by Citigroup.
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