Gavin Newsom’s long-distance grant funding, a data access deal with three major MLSs, and investors hogging the homebuying market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 7-11. Miss: Greetings from South...
Wells Fargo (NYSE: WFC), the nation’s fourth-largest bank, has sued JPMorgan Chase (NYSE: JPM), the nation’s largest bank, to recover losses for investors in a $481 million commercial real estate loan that was allegedly made with an inflated financial metric. Reuters...
Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has named Mike Weinbach as its next president, effective Feb. 1. He will succeed Chris Marshall, who also serves as vice chairman and who plans to retire at the end of the year. Weinbach is CEO of consumer lending for...
Wells Fargo & Co. (NYSE:WFC) has hired Darlene Goins as president of the Wells Fargo Foundation and head of the San Francisco-based bank’s philanthropy and community impact endeavors. In her new roles, Goins will be responsible for the company’s philanthropic...
Builder confidence in the market for newly built single-family homes fell six points to 34 this month, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marks the fourth consecutive monthly drop in...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
