New Year, New Home: Mortgage Rates DOWN, seller concessions UP
The start of the new year has brought with it a surge in mortgage demand, as lower mortgage rates (I would say “lower,” I wouldn't say “low”…) continue to entice homebuyers back into the market. We have seen an increase in inquiries and...Wells Fargo Continues Mortgage Retreat
It's a changing of the guard in the mortgage market. Wells Fargo, once the dominant player in the market, continues retreating from the space. Wells Fargo wholesale stopped existing years ago, yesterday it was announced that they were shutting down correspondent...2023: What California Home Buyers and Home Sellers Need to Think About
The pandemic has caused a lot of changes in the housing market, and over the past few years we've seen sub-three percent mortgage rates, fast-paced bidding wars, and record-low inventory. However, more recently we've seen a correction in the market, with higher...Wells Fargo fined for Wells Fargo-ing. Again.
On Tuesday, federal regulators fined Wells Fargo $1.7 billion for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts. The Consumer Financial Protection Bureau (CFPB) described the bank's “illegal...
Chris Mason, Loan Officer
