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The bank holding company is taking the business purpose lender into the corporate fold and out of its own silo, executives said.

The case involved incidents occurring in early 2021, when an unauthorized individual obtained access to files containing personal identifiable information of consumers.

Repo markets and the bank deposit business, in particular, would be upended if the U.S. were to default on its debt, experts say.

Alanna McCargo, president of the housing agency, is fulfilling her pledge to halve the waiting time for reperforming loans.

The National Association of Realtors index of contract signings to purchase previously owned homes increased 2.5% in December to 76.9, according to a release Friday.

Wells Fargo kept Chief Executive Charlie Scharf's pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.

Since new policies were implemented following findings of improper influence by employees, some have neglected reporting, but corrective actions still met their intended goal because students and recent grads disclosed ties.

The Federal Housing Finance Agency will be looking at the government-sponsored enterprises as a means of doing more to address renter affordability challenges.

The new automation integrates with the company's customer-facing Servicing Digital software, and is aimed at helping consumers find temporary assistance with payment hardships.

Despite the significant annual increase, home buyers saw signs of affordability returning in the latter months of the year.