The nation's largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning profits from new mortgages.
mortgage | Published 
Wells Fargo profit leaps 30%; defaults drop
Posted by mortgage 309 days ago (Editorial)
Wells Fargo to cut costs as housing slump drags on
Posted by mortgage 309 days ago (Editorial)
The nation's largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning profits from new mortgages.
A New Life, New Home, New Mortgage
Posted by mortgage 309 days ago (Editorial)
Are you entering a new phase in your life and looking for a new home to match? A major life transition often involves a new home, be it getting married, relocating to a new job or retiring.
California Mortgage Defaults Tumble 19% to Lowest Level in Four Years
Posted by mortgage 309 days ago (Editorial)
A total of 56,633 default notices were recorded statewide in the three months through June, down 17 percent from the first quarter and the lowest number since the second quarter of 2007, the San Diego-based data company said today in a statement.
Mortgage applications see biggest increase in 4 months
Posted by mortgage 309 days ago (Editorial)
NEW YORK (Reuters) - Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.
Mortgage Lending The Old-Fashioned Way
Posted by mortgage 309 days ago (Editorial)
James Didden's bank has never sold a mortgage.
BofA, Wells Fargo quarterly earnings in sharp contrast
Posted by mortgage 309 days ago (Editorial)
Mortgage problems trigger a net loss of $8.8 billion for Bank of America in the second quarter. Wells Fargo, on the other hand, posts a record profit of $3.9 billion. Bank of America Corp. and Wells Fargo & Co., two of the nation's biggest home loan providers, reported vastly different second-quarter results as the banks continue to put the mortgage crisis behind them.
At Bank of America, an $8.8 billion loss
Posted by mortgage 309 days ago (Editorial)
The bank it doled out huge payments to settle legal claims related to its troubled mortgage division. The loss was steep, but it was fully baked into expectations.
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