Wells Fargo free to grow again after Fed lifts $1.95T asset cap
Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
by Matt Carter Jun 4
$18.5M in fines imposed on former Wells Fargo execs prove elusive
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
by Matt Carter Apr 25
Wells Fargo fined over mortgage loan modification practices
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
by Matt Carter Sep 13
New program aims to help build wealth in communities of color
Project REACh aims to address economic disparities that hinder wealth creation in underserved communities by supporting community banks
by Christopher G. Cox Mar 11
The last housing finance roundup of 2019
Real estate news from the year's end
by Lew Sichelman Dec 31
Appraisal requirements axed on sales of $400K and under: Fed
Approved by the Federal Reserve on Friday, the adjustment, from $250K to $400K, marks the first time in 25 years such an appraisal threshold has changed
Wells Fargo Consumer Lending chief axed for disparaging communication to former executive
Second largest home mortgaging service contends with series of scandals
Mortgage performance up from a year ago
More than 94 percent of mortgages are current and performing, according to a survey encompassing 8 national banks
by Erik Pisor Jun 29
Rule provides for state oversight of appraisal management companies
6 federal agencies issued minimum requirement rule yesterday
by Amy Tankersley May 1
Company follows lead of major US lenders
by Tom Kelly Jun 6
Three in four banks tightened mortgage standards
by Inman Jul 22
High court rules against 'expansive' definition of pre-emption
by Inman Jun 29