RealtyTrac: All-cash sales at lowest since late 2009

RealtyTrac: All-cash sales at lowest since late 2009

Institutional investor share at 15-year low

3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry

Fannie, Freddie CEOs get a well-deserved huge boost in pay

It's about time
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Items Tagged with 'Wells Fargo'

ARTICLES

Wells Fargo names Hope Hardison chief administrative officer

Replacing Pat Callahan, who intends to retire in August
Ben Lane
Wells Fargo will soon have a new chief administrative officer. Pat Callahan, who currently serves as chief administrative officer, told the bank that she intends to retire later this year, after a 38-year career with the company.
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OCC slaps Wells Fargo, JPMorgan, others with mortgage servicing restrictions

Failed to fulfill requirements of the Independent Foreclosure Review
Ben Lane and Brena Swanson
The Office of the Comptroller of the Currency slammed Wells Fargo, JPMorgan Chase and other banks with new mortgage servicing restrictions due to their failure to comply with requirements of the Independent Foreclosure Review, the Office of the Comptroller of the Currency announced Wednesday.
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Deutsche Bank: Smaller banks will probably offload MSRs to bigger banks

Basel 3 forcing their hands
Jacob Gaffney
The implementation of the Basel 3 banking regulations, in which a European-devised strategy is levied among American financial institutions, appears to have disproportionately impacted smaller banks for the worse.
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Wells Fargo: Most potential homebuyers don’t understand mortgages

Turns out…Millennials are not alone in unawareness
Brena Swanson
Homeownership has always been, and continues to be, part of the America dream. The problem is that no one truly understands how to get there. This survey shows where the lines are getting crossed.
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Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
Ben Lane
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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From HW Magazine

Low-hanging fruit

Small doc management companies make tempting M&A targets
Brena Swanson
Every day, a new crop of technology companies works to develop solutions to solve something inefficient in the housing industry. And every day, they have to look over their shoulders.
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WATCH: Former Wells Fargo CEO rails against regulatory burdens

This stunts America’s growth
Brena Swanson
While America should be growing faster, the wrong mix of fiscal and monetary policies is smothering any room for potential growth, especially when it comes to Dodd-Frank bank reforms.
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Monday Morning Cup of Coffee: Is housing normal yet? Virginia to use eminent domain

BofAML says “normalization” can wait
Brena Swanson
After surveying key economic and housing data versus long term historical averages, a new report from Bank of America Merrill Lynch sees subpar performance on almost every front. How will this impact housing? Meanwhile, the arrests of two of the three most powerful men in New York's state government may finally open the door for housing reform.
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Nationstar’s surprise 1Q loss pulls down nonbank servicers

NSM drops below 52-week low in afternoon trading
Trey Garrison
All the major nonbank mortgage servicers were bleeding in trading through early afternoon, after Nationstar Mortgage Holdings reported its first-quarter surprise loss. Here's where the red ink is spilling.
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Wells Fargo breached national mortgage settlement

Judge finds bank did not properly evaluate homeowners
Trey Garrison
A federal judge has found that Wells Fargo breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, finding that the bank did not properly judge and evaluate borrowers who applied for help to avoid foreclosures.
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