Standard & Poor's Ratings Services has upgraded Wells Fargo Bank NA to AA-plus, making it S&P's highest-rated bank in the United States, according to Wells Fargo & Co., San Francisco.Wells Fargo, whose recent agreement to buy $140 billion in receivables from Washington Mutual will make it the No. 1-ranked residential mortgage servicer in the United States, said S&P also raised the long-term credit ratings of Wells Fargo & Co.'s senior debt to AA, making it S&P's highest-rated U.S. bank holding company. Wells Fargo noted that in 2003, Moody's Investors Service made Wells Fargo Bank its only Aaa-rated bank in the United States. Wells Fargo can be found online at http://www.wellsfargo.com.
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The head of the Consumer Financial Protection Bureau summarized his findings from a yearlong probe into the Appraisal Foundation. He says the "lawmaking body" is not accountable to the public or market forces.
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The top five depositories have a combined wholesale volume of more than $15 billion at the end of Q4 2023.
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Among opportunities to be offered to the program's fifth class of startup entrepreneurs are bank-provided mentorships and sessions with technology leaders and regulatory experts within home finance.
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Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
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The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.
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