Items Tagged with 'Q2'

ARTICLES

  • Fake accounts scandal still curbing Wells Fargo earnings

    Mortgage banking revenue falls in Q2
    Wells Fargo’s latest earnings report shows the bank continues to struggle with its fake accounts scandal, which began back in 2016. And not only did the bank report a lower net income, but the latest earnings report shows it also continues to struggle with mortgage banking revenue, even as originations increase.
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  • Strong housing market helps reduce lingering foreclosure inventory

    RealtyTrac: Lenders take advantage of seller’s market
    "Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago," RealtyTrac senior vice president Daren Blomquist said.
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