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Wells Fargo predicted a 2.5% rise in home prices by the end of 2024 and 4.4% in 2025. Morgan Stanley It expects weak home sales until mid-2024, which will gradually increase into 2025, when ...
Wells Fargo agreed to provide $50 million in direct down payment assistance to affected communities. [ 94 ] [ 93 ] In this suit, it was shown that in 2007 customers in the Chicago area who borrowed $300,000 from Wells Fargo through an independent broker had on average paid $2,937 more in broker fees if African-American, and $2,187 more if ...
On Wednesday, Wells Fargo reached an agreement with the Federal Reserve and agreed to pay a $85 million fine to settle civil charges-- the largest fine the Fed has ever imposed in a consumer case ...
Key takeaways If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.
Single-purpose reverse mortgages. Offered by nonprofits and state and local government agencies, these loans are aimed at lower-income borrowers and can only be used for one specific purpose, such ...
On July 18, 2011, the Associated Press and Reuters [18] released two reports that robo-signing continued to be a major problem in U.S. courtrooms across America. The AP defined robo-signing as a "variety of practices. It can mean a qualified executive in the mortgage industry signs a mortgage affidavit document without verifying the information.
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