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Wells Fargo mortgage originations tumble amid rising interest rates

As interest rates have risen over the last several months, mortgage originations appear to be trending down, especially in the refinance space. Wells Fargo reported Friday that it originated $46 ... read more

Wells Fargo Reports The Worst Mortgage Number Since The Financial Crisis

Meanwhile, Wells’ mortgage originations ... rising fast, and in Q4, the bank was charged an average deposit cost of 0.55% on $914.3MM in interest-bearing deposits, double what its deposit costs were a ... read more

Wells Fargo posts record quarterly profit of $5.32 billion, but mortgage originations are slipping

SAN FRANCISCO — Wells Fargo on Friday posted record profit of $5.32 billion for its third quarter, but also reported that its mortgage business has dwindled amid rising interest rates and fewer ... 43 ... read more

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Mortgage Originations Projected to Drop Even Further in 2014

"Despite an economic outlook of steady growth and a recovering job market, mortgage applications have been decreasing - likely due to a combination of rising rates and ... have come to an end. Wells ... read more

Wells Fargo Hit by Surprise Charge From Pre-Crisis Mortgages

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

Wells Fargo mortgage profits struggle amid increased competition

But Wells Fargo isn’t the only company struggling amid the rising levels of competition. At the recent Mortgage ... originations dropped for the fall and winter months, refinance activity held ... read more

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 ... read more

Wells Fargo’s first-quarter profits jump 13 percent, powered by mortgages

“We’re pretty upbeat about Wells Fargo’s results,” said Jeffrey Davis, chief investment officer with Boston-based Lee Munder Capital Group. “They are fighting an uphill battle because of the interest ... read more

Big banks feeling the pinch of decline in mortgage lending

Mortgage production at JPMorgan Chase and Wells Fargo fizzled in the last quarter, the banks said Friday, as fewer borrowers sought to refinance their home loans amid rising interest rates ... At ... read more

Wells Fargo's Rising Earnings Defy Wall Street Once More

Consensus was that the lender could see a slight sequential drop-off in earnings for the first time since the worst of the financial crisis, as a 2012 mortgage refinancing ... the impact of rising ... read more

Housing Seen Shrugging Off Loan Rate Rise as Banks Loosen

Derrick Bulaich locked in a home-loan rate of 4.6 percent last week, prompted by a surge in borrowing costs as investors speculated the Federal Reserve would pull back from bond buying. Bulaich, who ... read more

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