Total nonfarm payroll increased by 228,000 in March, the U.S. Bureau of Labor Statistics reported.
Tag: Wells Fargo
Mortgage Industry Assisting Homeowners Affected by Hurricane Helene
(Updated with new information Oct. 7) This is a developing story that will be updated. If you are aware of an effort by a mortgage company to provide relief or help to areas affected by Hurricane Helene, either directly or via fundraisers or donations, please contact us.
MBA Thanks Princess Mackie Book Challenge Participants
MBA launched the Princess Mackie Book Challenge to promote financial education and develop new tools to help children and families learn more about homeownership. This week, MBA would like to highlight Fargo Home Mortgage.
U.S. Economy Adds 206,000 to Payroll in June
Total nonfarm payroll employment was up by 206,000 in June, and the unemployment rate was at 4.1%, per the U.S. Bureau of Labor Statistics.
Construction Spending Dips Again in February
The U.S. Census Bureau reported construction spending dipped again during February to a seasonally adjusted annual rate of $2,091 billion, 0.3% below January’s $2,096 billion figure.
Builder Confidence Edges Higher Despite Rising Rate Concerns
Home builder confidence increased slightly over the past month, posting a one-point gain to 56, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
MBA Launches CONVERGENCE Philadelphia
The Mortgage Bankers Association on Wednesday launched CONVERGENCE Philadelphia, its third city-based pilot program to promote and increase minority homeownership. CONVERGENCE Philadelphia joins initiatives underway in Memphis, Tenn., and Columbus, Ohio.
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
MBA Chairman Kristy Fercho Hits the Ground Running
SAN DIEGO—Kristy Fercho has achieved a lot of “firsts” in her lifetime—the first Black woman to lead a major U.S. mortgage operation (at Flagstar Bank); the first Black woman to run the mortgage operations at Wells Fargo; and, as of Sunday, the first Black woman to serve as Chairman of the Mortgage Bankers Association. Her legacy, she says, will be to ensure that she is not the last such person.
MBA Chairman Kristy Fercho Hits the Ground Running
SAN DIEGO—Kristy Fercho has achieved a lot of “firsts” in her lifetime—the first Black woman to lead a major U.S. mortgage operation (at Flagstar Bank); the first Black woman to run the mortgage operations at Wells Fargo; and, as of Sunday, the first Black woman to serve as Chairman of the Mortgage Bankers Association. Her legacy, she says, will be to ensure that she is not the last such person.