Wells Fargo’s third-party mortgage servicing portfolio shrank by nearly $90 billion over the past year, even as the bank increased mortgage originations from a year earlier. The latest quarterly figures show how differently the lender’s servicing and production...
The Department of Housing and Urban Development has opened a fair-housing investigation into Wells Fargo over mortgage and homeownership initiatives designed to increase Black homeownership, escalating a federal reversal on race-conscious credit programs from policy...
Wells Fargo is expanding its use of ICE Mortgage Technology’s servicing infrastructure, moving its full home loan servicing portfolio onto the MSP platform under a renewed long-term agreement. Intercontinental Exchange announced the expansion Tuesday, extending a...
Wells Fargo & Co. (NYSE: WFC) will begin writing mortgages for homes built with technology from Icon, the leading 3D residential construction company. Icon has previously worked with the lender’s philanthropic arm, the Wells Fargo Foundation, for the financing of...
Wells Fargo & Co. (NYSE: WFC) has opened its newest campus in the Dallas-area suburb of Irving, Texas. The 22-acre, $570 million campus accommodates 4,500 employees in new buildings equipped with solar power, smart irrigation systems, and dynamic glass that...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
