To qualify for grants being made through Wells Fargo’s existing Special Purpose Credit Program, homebuyers can’t earn more than 120 percent of the area median…
Posts published in “wells fargo”
Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of…
With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Source:…
New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading…
Builder confidence rose 2 points in the latest National Association of Home Builders’ Housing Market Index, but economists fear lending challenges in the wake of…
The bank says it has racked up $353 million in severance expenses as it closes branches and pursues a “more focused home lending business.” Source:…
In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in…
Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. …
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Source:…