Regions mortgage relocates, cuts jobs (bizjournals.com via Yahoo! Finance) Regions Bank is moving its mortgage banking headquarters operations to Birmingham, Ala., and as part of the move plans to eliminate 100 jobs in Memphis.read more...
Mortgage Broker Gets 43 Years For Friend's Murder (WMTW Auburn) A Portland mortgage broker who claimed he acted in self-defense when he shot and killed a friend is sentenced to 43 years in prison.read more...
The Bubble The black-tie party at Washington's swank Mayflower Hotel seemed a fitting celebra tion of the biggest American housing boom since the 1950s: filet mignon and lobster, a champagne room and
Mortgage Loan Application Volume Climbs (Nasdaq) (RTTNews) - The volume of mortgage applications jumped sharply higher in the most recent week, adding to an improvement shown in the previous period. The recent rise in mortgage volume
Mortgage applications up 3.4% last week: MBA survey (Market Watch) CHICAGO (MarketWatch) -- The volume of applications filed seeking mortgages increased at a seasonally adjusted 3.4% last week compared to the prior week, according to the Mortgage Bankers Association's weekly
Lawyer Pleads Guilty to Bilking $20M to Fund Wedding, Homes A lawyer pleaded guilty to stealing more than $20 million from a bank and at least one client, spending the loot on vacation homes, a wedding and generous salaries for
“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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