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.

The fallout from Wells Fargo’s fake account scandal is apparently far from over, as New York City could soon become the latest in a long string of cities and states that cut ties with the megabank in the wake of the scandal.

Last year, Wells Fargo was fined $185 million after 5,000 of the bank’s former employees opened as many as 2 million credit card and bank accounts without authorization in order to get sales bonuses.

That led to a myriad of additional consequences, including Wells Fargo’s CEO stepping down, and a number of states and cities suspending their respective relationships with the bank.

That list includes Pennsylvania, Ohio, California, Oregon, and Chicago.

And now, New York City could be the next name on that list, according to a report from the New York Business Journal.

The New York Business Journal report states that New York City’s government is set to consider suspending its business ties with Wells Fargo.

From the report:

Wells Fargo currently has a deal with N.Y.C.'s Department of Finance to process credit-card transactions until June 30, 2021.

Now, a "Contract Public Hearing" has been set for Thursday, Jan. 12, 2017, at 1 Centre Street in Manhattan to address the $1.3 million agreement.

For more from the New York Business Journal, click here or below.

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