Wells Fargo's profit jumped 13 percent in the first three months of the year, thanks to strong mortgage lending and a drop in delinquent loans, the bank said Friday.
Published News
Wells Fargo beats earnings expectations
Posted by mortgage 41 days ago (Editorial)
Wells Fargo profit rises, but expense concerns weigh
Posted by mortgage 40 days ago (Editorial)
(Reuters) - A surge in mortgage banking income helped lift Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concerns that the bank is falling behind on its drive to cut expenses. Wells Fargo, the fourth largest U.S. bank and the country's biggest mortgage lender and servicer, said on Friday that net income increased to $4.25 billion, or 75 cents a share, from
Mortgage aid helps more hold off default
Posted by mortgage 38 days ago (Editorial)
More financially stressed homeowners in Mass. and across the US are getting mortgage loan modifications that cut their payments enough to keep them from falling into foreclosure.
Exclusive: Bank of America puts non-U.S. wealth arm up for sale
Posted by mortgage 36 days ago (Editorial)
ZURICH/LONDON (Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business. Bank of America is the world's largest wealth manager, but its non-U.S. arm -- which two of the sources said manages some $90 billion for rich clients .
Home Economics: Designing the ideal, repayable mortgage
Posted by mortgage 34 days ago (Editorial)
During the housing boom, a borrower?s ability to exhale appeared to be the chief criterion for obtaining a mortgage. Six years of record foreclosures later, with millions of borrowers owing more than their properties are worth, the housing market continues to tread water. T
Mortgage Network, Inc. Receives 99% Customer Approval in March, Setting New Record for Customer Satisfaction
Posted by mortgage 31 days ago (Editorial)
Mortgage Network, Inc., an industry leading independent mortgage lender, today announced the results of their March 2012 Customer Satisfaction Survey showing that over 99% of March?s borrowers would use Mortgage Network again.
Video: Capturing the non-prime mortgage in Canada
Posted by mortgage 30 days ago (Editorial)
Home Capital, the Toronto-based mortgage lender, is targeting the $200-billion non-prime mortgage market in Canada. BNN interviews Martin Reid, president at Home Capital, discusses the risks and opportunities in the nonprime mortgage market
H&R Block unit agrees to $28.2M SEC settlement
Posted by mortgage 29 days ago (Editorial)
The U.S. Securities and Exchange Commission said Monday that H&R Block Inc. subsidiary Option One Mortgage Corp. has agreed to pay $28.2 million to settle charges that it misled investors about subprime mortgage offerings.
Sort News
Saved Stories
Mortgage How to Get is an informational resource about mortgage news and information.