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  • Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts. Click the headline for the full story.

Items Tagged with 'Wells Fargo'

ARTICLES

  • New Mexico sues Wells Fargo for opening up fake accounts

    Attorney General Hector Balderas follows through on threat to sue bank
    Back in November, New Mexico Attorney General Hector Balderas threatened to sue Wells Fargo over the bank allegedly opening up thousands of fake accounts in the state’s residents' names, and now, Balderas is following through on that threat.
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  • NPR: Hospitals are joining the real estate business

    Highly concentrated levels of poverty and physical health are connected
    Affordability continues to plague the housing industry, leaving some of the nation’s poorest communities struggling just to make ends meet. This is especially true for residents living in “high-risk” communities where poverty usually partners with inadequate housing, violence and sickness, and it's driving hospitals to join the real estate business.
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  • Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight

    Affordability threatens homebuyer demand
    Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand.
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  • Homebuilder confidence falls to lowest level in 2018

    Affordability contributes to slight decline
    Concerns about market affordability contributed to homebuilder confidence falling one point to 67 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builders are monitoring how tariffs and the impending trade war are affecting key building material prices, including lumber.
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  • WSJ: Top risk exec to leave Wells Fargo

    Mark D’Arcy’s last day is Aug. 21
    According to reporting from the Wall Street Journal, Wells Fargo’s Chief Operational Risk Officer Mark D'Arcy is leaving Wells to “pursue opportunities outside of the company.” He will be succeeded by Mark Weintraub, the bank’s head of audit for consumer banking.
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  • Housing affordability reaches 10-year low

    Climbing home prices and interest rates are the culprit
    Housing affordability reached a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. NAHB Chairman Randy Noel says homebuilders are struggling to ensure pricing does not outpace expected gains in wage growth.
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  • Construction spending declines 0.1% in June

    The June figure is 6.1% above June 2017
    The U.S. Census Bureau of the Department of Commerce announced Tuesday that construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1% below the revised May estimate of $1,332.2 billion.
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