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Items Tagged with 'Wells Fargo'

ARTICLES

Wells Fargo CEO: Housing no longer leads the recovery

Auto industry and energy industry take new precedence
Brena Swanson
Wells Fargo CEO John Stumpf said at the National Press Club in Washington D.C. on Wednesday that he is “optimistic” on the economy and “bullish” about the future.
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Lennar earnings soar amid positive builder news

Beats analyst expectations
Brena Swanson
Homebuilder Lennar reported strong third-quarter earnings amid positive industry reports on builder confidence. "Our core homebuilding business continues to drive earnings, with strong sales, deliveries and margins," Stuart Miller, CEO of Lennar Corporation, said.
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Wells Fargo: Top homeowner misconceptions

Survey finds borrowers don’t know their options
Brena Swanson
Despite homeowners knowing that now is a great time to buy a home, many borrowers are still reluctant to do so because of uncertainty about qualifying for a mortgage or navigating the home-buying process.
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Is Wells Fargo looking at another banner year?

3Q residential mortgage growth on track
Jacob Gaffney
Last year, Wells Fargo originated and serviced the most residential mortgages in the United States. The big bank has dominated the residential space for years now. But how long can its dominance last?
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From HW Magazine

Wells Fargo: What's on the road ahead?

Mortgage-led banking franchise is at a crossroads -- maybe
As mortgages go, so too goes Wells Fargo. It’s an adage that certainly has run true for the past decade or so, as the banking giant has emerged as the nation’s top residential mortgage lender and second-largest residential mortgage servicer.
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5 big lenders to help lower military mortgage payments

Obama Administration's new push to help service members
Brena Swanson
In a new effort to help provide home financing to service members, five top lenders commit to the Obama Administration’s new program to help people in the military save hundreds of dollars or more each year.
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Wells Fargo CEO: GSEs choke mortgage business

“We’re just not going to make those loans”
Brena Swanson
Wells Fargo CEO John Stumpf warned the government-sponsored enterprises that they must stop being so quick to accuse banks of faulty underwriting and then forcing them to repurchase soured loans.
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WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”
Ben Lane
"Why are we charging the stock holders instead of going after the people who did wrong?” former Wells Fargo CEO Dick Kovacevich said. “Corporations don't engage in criminal behavior. They don't take advantage of innocent people. People do.”
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Wells Fargo ups commissions to spur loan production

Increases loan officers' pay in effort to counteract declining volumes
Ben Lane
Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage origination volume.
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Wells Fargo loosens jumbo mortgage standards

Attempts to offset decline in originations
Brena Swanson
Wells Fargo has reduced some of its standards for high-priced home loans in order to combat the industry-wide plummet in mortgage volume.
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