Tag Archives: Wells Fargo

Mortgage origination volume continued to climb in 2012, according to data from Mortgage Daily's 2012 Mortgage Lender Ranking. According to data collected from surveys, earnings filings, and other public disclosures, loan volume across all lending firms grew 30 percent annually in 2012. In the fourth quarter alone, Mortgage Daily reports residential originations coming in around 3 percent above third-quarter volume. Year-over-year, Q4 saw mortgage production grow 17 percent.

Housing affordability rose close 1 percentage point up to 74.9 percent in the fourth quarter of 2012, according to the NAHB's Housing Opportunity Index.

The servicers involved in last year's settlement have provided assistance in the amount of $45.83 billion to 550,000 homeowners, according to the Office of Mortgage Settlement Oversight.

Ally has satisfied its consumer relief obligations required under last year's National Mortgage Settlement (NMS), according to settlement monitor Joseph Smith Jr.

Citing changes in regulatory reform due to Dodd-Frank as the driving factor, Edward Jones Mortgage, based in St. Louis Park, Minnesota, will close its doors permanently in April. The office has been writing residential mortgages since 1998 and ceased writing them in January.

A federal judge turned down Wells Fargo's claim that a federal lawsuit against the bank violates the terms of the national mortgage settlement.

CBRE Capital Markets was 2012's top seller of multifamily loans, according to a release from Freddie Mac.

Bank brand values across the globe are on the rise, charting their highest values ever and double their values in 2009, during the financial crisis, according to the results of an annual study by Brand Finance. The most valuable bank brand worldwide is Wells Fargo, with a $26 billion brand, according to the study.

After a lengthy waiting period banks and title insurers are beginning to prosper once again from a strengthening mortgage market.

The top commercial real estate lender in the United States, Wells Fargo & Company, recently announced plans to carry its commercial real estate division overseas to the United Kingdom to fill what the company says is a gap in the U.K. market.