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...

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...

Mortgage Rates Fall for 5th Week in a Row

Hot on the heels of the Fed announcing another interest rate increase, data has come in showing that mortgage rates have decreased for the fifth week in a row. This is a timely reminder that the Fed does not set mortgage rates, individual banks and lenders do, and...
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