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

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 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

The Zacks Analyst Blog Highlights: Wells Fargo, IBERIABANK, Wintrust Financial and BB&T

Here are highlights from Friday’s Analyst Blog: Shares of Wells Fargo & Company have lost more than 24% in 2018 amid ... mortgage originator in the United States as of 2017, has been experiencing lowe... read more

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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

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

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

It’s Absolutely Clear What Will Cause The Next Global Financial Crisis

Over the next five years, Companies will have to refinance close to $4 trillion of bonds--two-thirds of all their existing outstanding debt, according to Wells Fargo Securities. Rising interest rates ... 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

Housing Affordability in U.S. Edges Lower in Q3

According to the National Association of Home Builders/Wells Fargo ... mortgage rates rose by a nominal 5 basis points in the third quarter to 4.72 percent from 4.67 percent in the second quarter. "Co... 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

Housing Market Crisis 2.0: The Jury Is In For 2018-2019

This, I said two years ago, would cause mortgage rates to start rising ... At Wells Fargo, mortgage banking revenues fell 50% to $467 million in the fourth quarter, while originations declined ... 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

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