Who wins the Super Bowl…of real estate?

Who wins the Super Bowl…of real estate?

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Does the mortgage industry still need Appraisal Management Companies?

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And here's how they will get it done
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Items Tagged with 'Wells Fargo'

ARTICLES

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total
Brena Swanson
The Consumer Financial Protection Bureau has taken action on two of the country's biggest banks: Wells Fargo and JPMorgan Chase. Both banks were investigated for an illegal marketing services kickback scheme they participated in with Genuine Title.
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Mortgage business mixed at the Big Four banks in 4Q

A roundup of how the TBTFs fared in the mortgage space
Trey Garrison
The Big Four banks have reported their fourth quarter and full year earnings, and here’s a look at what happened in their mortgage space.
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Wells Fargo’s 7 housing predictions for 2015

What do the next 12 months hold for lending and securitizations?
Ben Lane
According to analysts from Wells Fargo, 2015 is going to be a year of change for housing, but the changes won’t be as seismic as you might think. Here are Wells Fargo’s seven predictions for housing in the next year.
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Wells Fargo sued over subprime securities

HSBC, other banks also tied to lawsuit
Brena Swanson
This time Wells Fargo and several other top banks were sued by an Irish securities firm, which claimed the banks failed to protect investors from home loans that defaulted after the financial crisis.
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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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