Wells Fargo just got a green light from the Fed to grow. Here’s what it means for its business and its stock.

Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal. Read More

After three-year retreat, Wells Fargo jumping back into CLOs

With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1.3 trillion market. Read More

UCD: Wells Fargo scandal drove borrowers to fintech lenders

The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a UC Davis study suggests. Read More

CFPB consent order ends in Wells Fargo mortgage, auto loans - Charlotte Observer

In 2022, CFPB ordered Wells Fargo Bank to pay a $1.7 billion fine and more than $2 billion for repeated auto lending, mortgage and account deposit practices that harmed over 16 millions customers. Read More

Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable? - HousingWire

Meanwhile, Wells Fargo’s MSRs declined by 7% quarter over quarter and by 23% year over year to $6.5 billion in Q3 2024. Its net servicing income increased 28% quarter over quarter and 178% year ... Read More

Wells Fargo asset cap lifted by Fed after 'substantial progress' from fake accounts scandal - New York Post

Wells Fargo stock soared more than 2% in after-hours trading following the announcement. Shares had closed at $75.65, up from $59.34 a year ago. The bogus accounts scandal toppled two Wells Fargo ... Read More

Wells Fargo Mortgage Review - Business Insider

Why You Should Trust Us: How We Reviewed Wells Fargo Mortgages. To review Wells Fargo, we used our methodology for reviewing mortgage lenders.. We look at four factors — loan types ... Read More

Wells Fargo is selling off billions of dollars in commercial mortgages | CNN Business

Wells Fargo is set to sell the majority of its commercial mortgage servicing business to global loan services provider Trimont, the companies said Tuesday. The move would make Trimont the largest ... Read More

Wells Fargo CEO goes from fixer to builder as regulators lift punishments

Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional. Read More

Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.. The Fed’s announcement isn’t ... Read More

Wells Fargo to offload most of CRE mortgage servicing business

Amid ongoing pressures in commercial real estate, Wells Fargo has reached an agreement to sell a big piece of its CRE mortgage servicing business. Triangle Business Journal Select a City ... Read More

Wells Fargo is selling off billions of dollars in commercial mortgages | CNN Business - CNN International

Wells Fargo has long been one of the biggest players in the mortgage business, but was dogged by a slew of scandals in 2016 that led to regulatory action and billions of dollars in fines. Read More