Wells Fargo Home Mortgage, Inc. and Paramount Construction, Inc., have formed a strategic relationship that allows the latter company to offer its customers home financing products and services through the former.Customers of Paramount will receive a $500 gift certificate to Lowe's Home Improvement when they finance their new home construction or home-improvement projects via WFHM. Additionally, Paramount customers will be offered free educational seminars about financing home improvements, selecting a contractor, and avoiding home improvement pitfalls. Wells Fargo can be found on the Web at http://www.wellsfargo.com.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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