Robert Lewis, currently senior vice president of institutional lending sales, has assumed a new leadership role in wholesale lending as division manager for the Central Region at Wells Fargo Home Mortgage.Wells also has confirmed that it has hired David Stevens, previously a senior vice president at Freddie Mac, to lead the sales, institutional lending branch operations and client support functions in its wholesale business line. MortgageWire had learned on May 23 that Mr. Stevens had left Freddie for the post at Wells. Prior to joining Freddie Mac in 1998, Mr. Stevens was a group senior vice president and national loan manager at World Savings of Oakland, Calif. He is based at Wells Fargo's McLean, Va., wholesale office. Institutional lending works with mortgage brokers, bankers and mortgage companies to buy and close their mortgage loans.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
August 13 -
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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