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.
Tag: Wells Fargo
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.
Builder Confidence Steadies as Material, Labor Challenges Persist
The National Association of Home Builders reported builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges.
Builder Confidence Edges Lower as Material Challenges Persist
Strong buyer demand partially offset building material supply-side challenges, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Industry Briefs May 13, 2021
DiversityInc announced its annual list of the Top 50 Companies for Diversity, which serves as a benchmark of how the largest employers in U.S. are doing when it comes to hiring.
Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.