Wells Fargo cements DeVito's role as head of home lending

Michael DeVito, who was named Wells Fargo's interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit. “Michael is a seasoned and respected leader, with deep experience in both mortgage sales and servicing.
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Everyone knows customer and employee reviews are among your company's most valuable marketing, recruiting and process improvement assets. According to YouGov, 78 percent of consumers read reviews before making a buy decision and 87 percent of consumers trust online reviews as much as
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The precipitous drop in refinancing activity expected this year could bring about widespread consolidation in the residential mortgage lending and servicing fields, according to Loan Logics, a mortgage loan quality and performance management software company. “This year is shaping up as a year of
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Envestnet | Yodlee is the platform for digital financial innovation. Leveraging Envestnet | Yodlee's single unified Platform API, developers can gain secure access to our Financial Data Platform featuring over 16,000 global data sources, including bank accounts, credit cards, investments, loans, and other
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Apple Inc. executives, seeking to improve the performance of iPhone software after months of reported quality issues, have decided to delay some key features originally planned for this fall's update, according to a person familiar with the matter. As part of an annual release of new iPhone models, Apple
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TH Real Estate, the property arm of TIAA, is looking to sell its 28-story office building at 730 Third Avenue, which at least one source speculates could fetch more than $460 million. The 665,000-square-foot building between East 45th and East 46th streets is home to TIAA's office, according to the
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Tucker's journey to wheel of fortune began when she attended a Wheelmobile event in Tucson in February of last year. A longtime viewer of the show, Tucker … Tucker is a learning and development professional with two kids and three grandchildren, according to Wheel of Fortune. And as a University of
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What are the odds that pesky contract contingencies, such as mortgage financing or the appraisal, could jeopardize my good deal? Sellers have different concerns: What are the chances that I could actually get a higher price than what my cautious realty agent has persuaded me to offer? Might I have to
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These defects, the errors that make a mortgage loan uninsurable or ineligible for sale in the secondary market, were seen in 1.76% of all mortgages originated in the second quarter, up from 1.61% in the first quarter and 1.63% in the second quarter of 2016, according to Aces Risk Management.
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The Perth property market is beginning to see signs of recovery after being stuck in the doldrums for the first half of 2017. Property analyst Gavin Hegney told Domain News that the city managed to begin trending upward by the end of last year. “It started with trade-up buyers buying into areas with
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Critical defects in mortgage loans increased in the second quarter of 2017, rising 9% compared with the first quarter of 2017, according to ARMCO's Mortgage QC Trends Report. It was the third consecutive quarter that the overall rate of defects increased. The report is based on data collected from
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President Donald Trump embraced an “us vs. them” style of morality, a textual analysis of his campaign documents shows – and doing so seems to have helped him win votes. That's the finding of the first study in this week's economic research roundup, which also looks at how economic issues are less
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According to Bloomberg Economics, the “broad-based nature of the expansion makes it more sustainable.” While Macron's reforms are spurring confidence in France, he can't take all the credit. He's partly riding a wave created by tax cuts passed by the previous administration. Still, a stronger French
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To celebrate the Lunar New Year, Hakkasan restaurant has enlisted Jay McInerney, the author of “Bright Lights, Big City,” to create cynical fortunes. “If at first you don't succeed try Botox” will not make your day. The Year of the Dog, indeed. They're inserted in very New York-style cookies, black-and-white
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The number of new mortgages approved by lenders in the UK fell to the lowest level for almost three years during December, according to figures published on Tuesday by the Bank of England. A total of 61,039 new mortgages were approved last month, the lowest level since January 2015, and a near 6
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Shandong Ruyi Group of China is the leading bidder for Bally International, the Swiss leather-goods brand owned by JAB, according to people familiar with the situation. Dr Pepper Snapple itself is the product of serial dealmaking, principally by Cadbury Schweppes, which bought the Dr Pepper and 7Up
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“More supply will be critical to the continued health of the housing market going forward, as demand from home buyers is very unlikely to fade over the next year and beyond,” Zillow Senior Economist Aaron Terrazas said. November's numbers don't reflect the impact of changes to the tax code passed
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Mortgage rates today are higher across the board, as the prices of mortgage-backed securities (MBS) continue to fall. Bond prices are also in the dumps, and that, according to Mortgage News Daily, means inflation is on the radar in a big way. As this trend picks … Residential financing is still affordable.
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After weeks of rally, US stock markets corrected a little yesterday. That didn't stop the US Dollar from recovering most of the losses it suffered last week. The GBP-USD rate is back below $1.40 and the Euro–USD rate is down into the $1.23s, as America prepares itself for the first State of the Union
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[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] U.S. Treasury Secretary Steven Mnuchin is expected to address the Senate Banking, Housing and Urban Affairs Committee on Monday during the annual oversight hearing of the Financial
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