Post Profile






Wells Fargo Loses Top US Mortgage Lender Title To Quicken Loans

Mortgage lending has long been a "bread and butter" business for Wells Fargo, Warren Buffett's favorite bank. But between the months of September and December - while the bank's PR department was busy fending off another incipient scandal - demand for the bank's loans declined to its weakest level since the financial crisis. While we initially pegged this as a sign that the average US consumer can't afford to take out a loan with interest rates just 1% higher.
read more

share
See more about: Wells Fargo

Related Posts


Forget The Jamie Dimon Show, Wells Fargo Has Another Stellar Quarter

Business & Finance : Working Capital

Warren Buffett's favorite bank, Wells Fargo, put up record numbers in the second quarter thanks to its growing mortgage business.

Wells Fargo profit jumps on bad loan cleanup; mortgage income slides

Business & Finance : Money & Co

Third-quarter earnings rose 13% at No. 1 home lender Wells Fargo & Co., beating Wall Street's expectations, as the bank shrank its holdings of soured loans sharply amid a pronounced slowdown in the key mortgage business.

WARREN BUFFETT: I won't comment on the Wells Fargo scandal until November (WFC, BRK.A, BRK.B)

Business & Finance : Business Insider: Money Game

Warren Buffett is waiting until after the election to weigh in on Wells Fargo. Buffett told Fox Business' Liz Claman that he will not comment on the bank's scandal until November. Buffett is the largest shareholder of Wells Fargo an...

Wells Just Reported The Worst Mortgage Number Since The Financial Crisis

Business & Finance : Zero Hedge

When we reported Wells Fargo's Q3 earnings back in October, we drew readers' attention to one specific line of business, the one we dubbed the bank's "bread and butter", namely mortgage lending, and which as we then reported was "th...

Wells Just Reported The Worst Mortgage Number Since The Financial Crisis

Business & Finance : Zero Hedge

When we reported Wells Fargo's Q4 earnings back in January, we drew readers' attention to one specific line of business, the one we dubbed the bank's "bread and butter", namely mortgage lending, and which as we then reported was "th...

Comments


Copyright © 2016 Regator, LLC