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Goal for loan mods, refis 'within reach' Premium Content

By Matt Carter, Friday, July 17, 2009.

The Obama administration's goal of helping up to 9 million homeowners refinance their mortgages or obtain loan modifications "is well within reach," according to a Wells Fargo executive in charge of the bank's loan servicing division.

Wells Fargo refinanced about 750,000 mortgages in the first half of the year, and provided 200,000 trial and completed loan modifications -- nearly double the same period a year ago, said Mary Coffin, executive vice president of Wells Fargo Home Mortgage Servicing.  more...

Builder confidence rebound lackluster

By Inman News, Friday, July 17, 2009.

Builder confidence rebounded in July to a level not seen since September, but far more builders still see conditions as "poor" than "good," according to a survey by an industry trade group.

The National Association of Home Builders/Wells Fargo Housing Market Index rose two points in July, to 17, NAHB said. The index gauges builder perceptions of current single-family home sales and sales expectations for the next six months. When the seasonally-adjusted index is above 50, more builders view sales conditions as good than poor.  more...