Wells Fargo & Co. says in a securities filing that the Dodd-Frank Wall Street Reform bill could have “negative consequences” on the San Francisco-based bank, parent of Charlotte-based Wachovia. Unlike Bank of America Corp., Wells did not disclose any specific projections for how the legislation will affect its bottom line. Charlotte-based BofA recently said the bill could cost it billions of dollars in lost revenue.
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There are numerous sources for graphs, charts, surveys, calculations and a seemingly infinite number of people and organizations with a stake in the housing market, so it’s difficult to cut through the noise and hear the melody. But in her debut column, HousingWire Columnist Mary Frances Coleman shows you how.
MDK is strongly encouraging clients to embrace the new normal while preparing for a foreclosure volume increase in the not-too-distant future.