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Wells Fargo Mortgage Originations Tumble Amid Rising Interest Rates - Latest News


Wells Fargo Earnings: Record Income, Strong Mortgage Business, And Economic Implications

Did the Company Beat Expectations and Have Expectations Been Rising/Declining ... we're able to grow net interest income and that's really the driver." Wells Fargo's mortgage business showed strong re... read more

Wells Fargo hit by surprise charge from pre-crisis mortgages

Nearly a decade after the financial crisis, Wells Fargo ... Financial. Mortgage banking fees tumbled for the fifth straight quarter to $1.05 billion as demand from homeowners for refinancing continued ... read more

Homebuilders approach bear market on rising U.S. mortgage rates

Bernanke said last week that policy makers may slow bond purchases this year amid signs of an improving economy. Wells Fargo & Co., the largest U.S. home lender, is offering a 30-year mortgage ... wil... read more

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Wells Fargo, More than $1 Billion Per Day; State Examiner Guides Could Be Useful; MERS Training; Conference Talk

For a mortgage bank, what is your warehouse cost of funds versus the average mortgage rate for your originations? If your mortgages are at 4%, and your warehouse is at 3%, you're earning a 1% spread. ... read more


Jobs take a hit as mortgage rates rise

Bank of America's decision to close its operations in Beachwood and Independence — which together employ more than 1,000 workers — comes amid a 34% increase so far this year in the average interest ra... read more

Mortgage Mix Morphing As Volume Falls

Meanwhile, the volume of mortgage loans is falling. That could affect mortgage lenders such as Wells Fargo ... low interest rates. Lending Shift Approaches Mortgage Bankers Association figures show th... read more

U.S. Bank mortgage chief sees tough conditions ahead for industry

The chief of U.S. Bank's mortgage business said Tuesday that the national home market is not as strong as it might appear and that the mortgage industry must brace for a rough 2014 amid rising interes... read more

Will Litigation Issues Hurt Wells Fargo (WFC) Q3 Earnings?

Mortgage ... standards by Wells Fargo. Notably, the bank is cutting back its auto lending business amid stressful markets and adherence of more centralized risk controls. Rise in Net Interest Income: ... read more

CFPB Unfurls Mortgage Company Audit Procedure; Recent and Upcoming Housing Forecasts

"This webinar will provide participants with MBA's forecasts of economic conditions, mortgage rates, and mortgage originations for 2012 ... standards or avoiding transactions as values tumble amid mou... read more

JPMorgan Chase Is Down 4%: Disaster Or Opportunity?

The last time I analyzed JPMorgan Chase (NYSE:JPM), I compared the company to Wells Fargo ... interest rates in 2015, the company will likely see investment banking revenue fall as fewer companies wil... read more

Homebuilders approach bear market on rising U.S. mortgage rates

Wells Fargo & Co., the largest U.S. home lender, is offering a 30-year mortgage at 4.75 percent today, according to its website. An extended rise in rates may hurt homebuilders’ mortgage- origination ... read more

Wells Fargo earnings jump on increased loans

Analysts have been eying Wells Fargo earnings to see how the bank's critical mortgage business would fair amid rising interest rates. While the performance ... with the first quarter of 2013 and mortg... read more



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