Norwest Mortgage, Des Moines, has changed its name to Wells Fargo Home Mortgage to reflect the merger between Wells Fargo and Norwest Banks. The company said that the Wells Fargo name is recognized by nearly nine of ten Americans. "Homebuyers prefer a brand they know and trust, and we're very excited about our new name and the opportunities it presents for our business," said Peter Wissinger, president and chief operating officer for Wells Fargo Home Mortgage. Wells Fargo Home Mortgage serviced $282 billion of residential mortgages last year, and recently picked up $16 billion with the announced deal to acquire CrossLand Mortgage.
-
A Colorado regulator earlier this year revoked the license of the appraiser responsible for the 2021 evaluation at the center of the government's suit.
9h ago -
The average American must earn almost $117,000 a year in order to afford a median priced property as prices keep rising, a Bankrate analysis found.
9h ago -
The Trump administration is leapfrogging the normal process by taking its fight over a district court injunction blocking efforts to shut down the Consumer Financial Protection Bureau to a federal appeals court, according to the CFPB workers' union.
11h ago -
Baby boomers made up the largest share of home purchasers in 2024, as the percentage of millennial buyers declined, the National Association of Realtors found.
11h ago -
Pacific Residential Mortgage discovered the ransomware incident just weeks after the successful completion of its merger with an Ohio-based lender.
11h ago -
The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature.
April 1