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Wells Fargo announced a pivot toward offering home ownership services for minority applicants even as the firm pulls away from the mortgage correspondent and servicing businesses.
Wells Fargo announced a pivot toward offering home ownership services for minority applicants even as the firm pulls away from the mortgage correspondent and servicing businesses.
 
Wells Fargo will pay $1.7 billion in civil penalties and $2 billion in redress after the bank carried out a number of abuses concerning mortgages and consumer accounts.
Wells Fargo will pay $1.7 billion in civil penalties and $2 billion in redress after the bank carried out a number of abuses concerning mortgages and consumer accounts.
 
Mortgage rates are approaching 7% as the housing market continues to experience turmoil.
Mortgage rates are approaching 7% as the housing market continues to experience turmoil.
 
North Carolina’s largest corporation, Bank of America, received pushback after announcing last week they created a home loan program only available in black and Hispanic neighborhoods.
North Carolina’s largest corporation, Bank of America, received pushback after announcing last week they created a home loan program only available in black and Hispanic neighborhoods.
 
Bank of America is under fire for a new mortgage lending program geared specifically to black and Hispanic homebuyers.
Bank of America is under fire for a new mortgage lending program geared specifically to black and Hispanic homebuyers.
 
The housing market is expected to cool as demand moderates, according to a Wednesday report from government-backed mortgage enterprise Freddie Mac.
The housing market is expected to cool as demand moderates, according to a Wednesday report from government-backed mortgage enterprise Freddie Mac.
 
More than 900 employees of mortgage company Better.com were invited to a Zoom webinar last Wednesday, where CEO Vishal Garg announced they would all be fired effective immediately.
More than 900 employees of mortgage company Better.com were invited to a Zoom webinar last Wednesday, where CEO Vishal Garg announced they would all be fired effective immediately.
 
PennyMac Financial Services, Inc. will invest $4.3 million in Cary
 
Intercontinental Capital Group Will Create a $5.8 Million Operations Hub in Charlotte
 
California Gov. Gavin Newsom announced Wednesday that five major U.S. banks will temporarily suspend home mortgage payments for people who have been affected by the coronavirus quarantine.
California Gov. Gavin Newsom announced Wednesday that five major U.S. banks will temporarily suspend home mortgage payments for people who have been affected by the coronavirus quarantine.
 
Today, Senator Thom Tillis (R-NC), a member of the Senate Banking Committee, applauded the Senate passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act, bipartisan legislation to improve our nation's financial regulatory framework and promote economic growth
Today, Senator Thom Tillis (R-NC), a member of the Senate Banking Committee, applauded the Senate passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act, bipartisan legislation to improve our nation's financial regulatory framework and promote economic growth
 
Governor Pat McCrory released the following statement following the announcement that the U.S. Department of Justice had reached a settlement with S&P involving North Carolina and 18 other states
Governor Pat McCrory released the following statement following the announcement that the U.S. Department of Justice had reached a settlement with S&P involving North Carolina and 18 other states
 
Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
 
For the better part of a century, U.S. politicians have made it one of their major goals to maximize the proportion of Americans who purchase rather than rent their primary dwellings.
For the better part of a century, U.S. politicians have made it one of their major goals to maximize the proportion of Americans who purchase rather than rent their primary dwellings.
 
The chief community organizer is ready to require many lenders to "swallow" a good part of their income on loan balances on houses that are "underwater".
The chief community organizer is ready to require many lenders to "swallow" a good part of their income on loan balances on houses that are "underwater".
 
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