What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Conquering the Mortgage Lender’s Dilemmas

This webinar provides a roadmap for creating a sophisticated, digital-first cost improvement strategy to maximize profits by reducing high processing environments.

HW's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

We need higher mortgage rates to cool the housing market

2020-2024 will have the best housing market demographics and the lowest mortgage rates ever recorded, which could accelerate real home prices too quickly.

Mortgage

Pennsylvania Treasury latest state to suspend Wells Fargo

Stops bank from trading

Wells Fargo faces the wrath of yet another state that’s seeking retribution after the mega bank’s fake account scandal, as it isn’t even close to done with dealing with the aftermath of 5,000 of the bank’s former employees opening accounts in order to get sales bonuses.

The latest state: Pennsylvania.

According to an article in Reuters by Nikhil Subba, “Pennsylvania Treasurer Timothy Reese said on Thursday that he suspended Wells Fargo from any treasury investment or trading activities in the state for a year because of its ‘fraudulent’ accounts scandal.”

The Pennsylvania Treasury isn’t alone in its retaliation against Wells Fargo.

Ohio Governor John Kasich recently said that he is using his power as governor to bar Wells Fargo from participating in future state debt offerings and financial services contracts initiated by state agencies for one year.

Previously, the city of Chicago, the state of California, and the state of Oregon also suspended ties with Wells Fargo.

 

 

Most Popular Articles

Josh Team out as Keller Williams president

Josh Team is out at Keller Williams, not long after he received what appeared to be a promotion. He announced his resignation on Facebook.

Feb 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please