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

Wells Fargo 2016 Investor Day Consumer Lending Group 16 . Win new customers "New-to-WFC" Households . by CLG acquiring product (2013-2015) CLG is the 2nd largest source of new households to Wells fargo (1) includes indirect loans. (2) Personal Lending includes direct auto, student lending, and personal lines and loans. 25% 6% 40% 29% . Auto.

Pace of new-home sales suggests steady housing strength

MOVES-Wells Fargo names Mary Mack head of consumer lending business. Her new role includes the community banking organization, which she has led since July 2016, and consumer lending, which includes the bank’s home lending, dealer services and the student lending and personal lines of credit businesses, Wells Fargo said.

Home Lending . Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia.

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It was formerly known as Norwest Mortgage, Inc. and changed its name to Wells Fargo Home Mortgage, Inc. in April 2000. The company was founded in 1905 and is based in Des Moines, Iowa. 1 Home Campus

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Wells Fargo, the multifamily industry’s largest lender, has rejuvenated its floating-rate bridge loan program for multifamily properties. The news comes fresh on the heels of a similar move from prudential mortgage capital Co., as more institutional lenders see greater demand for, and grow more comfortable with, debt for transitional assets.

Get to know Wells Fargo Home Mortgage, Inc. CEO & other corporate executives. Learn about the Board of Directors, Executive Committees and CEO compensation in this industry.

Wells Fargo names Michael DeVito head of home lending. Wells Fargo & Company announced that Michael DeVito has been named head of Wells Fargo Home Lending, a role he has held on an interim basis since November 2017. DeVito will report to Mary Mack, head of Community Banking and Consumer Lending.

New-home sales decline in January to three-month low Stronger economy boosts mortgage rates: Freddie Mac "We still expect stronger home sales and housing starts in the coming months due to favorable market conditions and accelerating wage growth." In fact, Freddie predicts the 30-year fixed-rate mortgage will average 4.3% for the remainder of the year, which could lead to an increase in both single-family mortgage originations and refinances.

Wells Fargo declined to comment. Officials at the Justice Department and SEC also declined to comment.” Read more. HEAD OF COHEN’S INVESTMENT FIRM. to sell assets and pay off some of their loans.”.

Wells Fargo Home Mortgage Our home builder executives will get a feel for the capital outlook from the perspective of one of their own–the full stack of options and alternatives, ranging from debt to equity, from project.