A decade later, (ARM) share still remains low: 6% in early June, according to the Mortgage Bankers Association, versus an average of about 20% in the ten years before 2008.
A group of nuns and religiously-affiliated investors said Wells Fargo & Co. has agreed to publish a review that...
San Francisco-based Wells Fargo (NYSE: WFC), Philadelphia's largest bank by deposits, said in a brief statement that it had agreed to publish the review and looks forward to working with the ICCR.
DeVito most recently led mortgage production for the company, a post he assumed in October 2015, and before that ran...
Wells Fargo Company (NYSE: WFC) announced today that Michael DeVito has been named head of Wells Fargo Home Lending, a role he has held on an interim basis since November 2017.
David Eghbali, who had been one of the bank’s top mortgage bankers, said the bank fired him improperly as part of a...
A former Wells Fargo mortgage banker in Beverly Hills who was fired and later fined by federal regulators has sued the bank, saying he was used as a scapegoat and that regulators ignored his attempts to report bad practices.
U.S. District Judge Anita Brody said Philadelphia may pursue claims that the bank’s alleged “reverse redlining”...
A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.
Wells Fargo & Co, the third-largest U.S. bank by assets, expanded the role of Mary Mack, who has headed its...
Mack took over as head of community banking from Carrie Tolstedt, a central figure in a sales scandal that has tarnished the bank’s reputation.
Wells Fargo & Co. may face new sanctions from a key federal regulator over bad practices the bank has copped to...
The report, which cited unnamed sources familiar with the matter, suggested the OCC may issue a cease-and-desist order, a regulatory action that demands a bank stop certain practices and take corrective action.
During the conversation, Codel disparaged regulators and told Gwizdz that his severance was not more generous because...
The lawsuits include two class action cases alleging violations of federal and state consumer fraud laws, as well as...
Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.