Types Of Bankruptcy

Mortgage lending growth slows (Reuters.co.uk)  LONDON (Reuters) - Underlying net mortgage lending rose by 5.4 billion pounds in September, the smallest increase in five months, after a strong rise in August, the British Bankers' Association


Suspected mortgage fraud up 35 percent, agency reports (FOX 10 Mobile)   WASHINGTON Mortgage fraud is booming, and Florida is among the leaders. The once-booming housing market and rising popularity of nontraditional home loans have...read more...


Mortgage Company to sponsor home buyer's seminar Tuesday (McPherson Sentinel)  The Mortgage Company is sponsoring a home buyer's seminar. People who are currently in the process of buying a home, starting to look for a home or even thinking about


Mortgage approvals up but lending slows in May (Reuters via Yahoo! UK & Ireland News)  Mortgage approvals rose in May for the first time since January but lending secured on dwellings slowed unexpectedly, notching its smallest increase in more than a year, official data showed


Why Even Dave Ramsey Needs to Consider His Credit Score   Recently I heard financial author Dave Ramsey say he didn't care what his credit score was because he never needs credit This, unfortunately, is a simplistic view of what


HSBC plans new cross-border mortgage product for early 2008 (Market Watch)  MEXICO CITY (MarketWatch) -- U.K.-based banking group HSBC Holdings PLC (HBC) plans to offer a cross-border mortgage product worldwide for middle-income clients early next year, according to Rafael Arana, HSBC's

July 17th, 2007

Wells Fargo 2Q Profit Rises 9 Percent

“We are particularly encouraged by the stable credit trends.”

Wells Fargo & Co. raked in more customer service fees and sold more products to boost its second-quarter profit by 9 percent, sticking to a familiar formula that paid off even as more households struggled to pay their bills.

The San Francisco-based bank said Tuesday that it earned $2.28 billion, or 67 cents per share, during the April-June period. That compared with net income of $2.09 billion, or 61 cents per share, a year earlier.

Revenue climbed 13 percent to $9.89 billion, the bank’s biggest quarterly increase in nearly two years. The last time Wells Fargo grew at a faster clip occurred in the third quarter of 2005 when revenue rose 16 percent. Read more



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