John G. Stumpf, group executive vice president of community banking at Wells Fargo & Co., has been named president and chief operating officer of the San Francisco-based company.Mr. Stumpf has been with Well Fargo for 23 years, and has been an EVP in his current role for three years, the company said. He has been responsible for regional banking, diversified products, private client services, Internet services, and Wells Fargo Services. Mr. Stumpf joined the former Norwest Corp. in 1982 as a senior vice president and chief credit officer for Norwest Bank, and with the merger of Wells Fargo and Norwest in 1998 he became head of the Southwestern Banking Group, Wells Fargo said. Mark C. Oman, senior EVP of the company's Home and Consumer Finance Group, will report to Mr. Stumpf. The company can be found online at http://www.wellsfargo.com.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23