Wells Fargo & Co., San Francisco, has assigned Pete Wissinger, the chief executive of Wells Fargo Home Mortgage, Des Moines, Iowa, to coordinate the company's retail insurance business and create and execute a companywide strategy for its activities in this area.His duties at Wells Fargo Home Mortgage will be split between Cara Heiden, the head of National Consumer Lending, and Mike Heid, WFHM's chief financial officer. Both are executive vice presidents of Wells Fargo Bank NA. Ms. Heiden will be responsible for institutional lending, retention, marketing and cross-selling, servicing, and post closing, as well as retaining her role running National Consumer Lending. Mr. Heid's new responsibilities include capital markets and credit, strategic design and integration, and the Wells Fargo Three-Step Refinance System. He will still oversee the finance and corporate real estate teams. Both Ms. Heiden and Mr. Heid will report to Mark Oman, group executive vice president of the Home and Consumer Finance Group.
-
New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
7m ago -
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
1h ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28