Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S

Items Tagged with 'Wells Fargo'

ARTICLES

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

Wells Fargo posts $5.7B income but mortgage profit down 46%

Originations up, applications down from 2Q as mortgage profits shrink
Trey Garrison
The bank’s mortgage unit suffered a profit decline of 46% over the past quarter and its new origination mortgages fell to its lowest level since the financial crisis. And, executives at the big bank indicate they are just fine with the way things are going.
Read More

Earnings preview: Wells Fargo, JPMorgan, Citi kick-start earnings Tuesday

So far, housing remains lukewarm in 3Q
Brena Swanson
Tuesday marks the next round of bank earnings, with Citigroup, Wells Fargo and JPMorgan Chase once again paving the way for the housing and financial markets. Here’s where the market is predicting earnings will go.
Read More

The shocking truths for homeowners struggling against foreclosure

Law firm: Wells Fargo case study allegedly reveals what they are up against
Trey Garrison
Several big banks have negotiated large settlements with the Department of Justice for their role in the housing bubble and subsequent economic collapse, but struggling homeowners shouldn't hold their breath waiting for relief.
Read More