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Wells Fargo’s looming $1 billion mortgage litigation settlement brings down 3Q earnings
Oct 13, 2017Wells Fargo’s third-quarter earnings report didn’t hold much positive news for the company. And much of the bad news came from the mortgage segment. The bank saw an 18% drop in its net income due, in part, to the bank setting aside $1 billion for a potential settlement with the Department of Justice over crisis-era mortgage bonds. The bank’s mortgage banking income also plummeted 37%.
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Ginnie Mae, VA launch task force to look into lenders targeting veterans for quick refinances
Oct 12, 2017 -
Ocwen shutting down largest origination channel; exiting wholesale forward lending
Oct 12, 2017 -
New York landlords face mounting pressure to lower rents
Oct 12, 2017 -
Carson: New Reverse Mortgage Rules Will ‘Stop the Bleeding’
Oct 12, 2017 -
Here are 3 money-losing myths about mortgage technology
Oct 12, 2017 -
Goldman Sachs acquires real estate development lender Genesis Capital
Oct 12, 2017 -
Carson: Government considering ending use of False Claims Act against FHA lenders
Oct 12, 2017 -
Carson update on HUD overshadowed in tense House hearing
Oct 12, 2017 -
Wells Fargo appoints new compliance leadership
Oct 12, 2017 -
Citigroup continues slow pull away from mortgage originations
Oct 12, 2017 -
Mortgage banking creates drag on JPMorganÕ better-than-expected earnings
Oct 12, 2017
