Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.


Wells Fargo lays off 100 mortgage employees in North Carolina

Bank seeks to better align current volumes

Wells Fargo announced its Fort Mill mortgage office will lose 100 employees, according to an article written by Caroline Hudson for Charlotte Business Journal.

The bank claims "market changes” and an effort to “to better align with current volumes” motivated the layoffs, according to Hudson's reporting.

From the article:

"The decision to reduce our workforce is made with great concern for our team members. Wells Fargo Home Mortgage is committed to retaining valued team members and, where possible, we will work to identify other opportunities within Wells Fargo," the bank says in a statement.

Former employees are eligible for pay and benefits through Aug. 19. If they aren't able to find another position at the bank, the employees may be eligible for a continued payment plan based on the number of years employed there, according to Wells Fargo.

In June of this year, Flagstar Bancorp announced it is acquiring 52 Wells Fargo company branches, and extending job offers to 490 team members. These branches are located in Indiana, Michigan, Ohio and Wisconsin.

The sales are a part of Wells Fargo’s plans to reduce its retail bank branches by about 5,000 by the end of 2020 through consolidations and divestitures.

Most Popular Articles

How the Delta variant may impact the housing market

How should you look at data on the housing market to tell if things are returning to normal? HousingWire’s lead analyst answers. HW+ Premium Content

Jul 29, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please