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

Wells Fargo offers mortgages with 3% down payment Wells Fargo Names Michael DeVito Head of Home Lending – The FINANCIAL — Wells Fargo & Company announced on January 29 that Michael DeVito has been named head of Wells Fargo Home Lending, a role he has.

Impac’s shift to non-QM helps to reduce fourth-quarter loss Impac Mortgage Holdings saw its shift to predominantly originate non-qualified mortgage loans reduce its fourth-quarter GAAP net loss along with increasing its gain-on-sale margins. For the quarter, Impac lost $6.4 million, compared with a loss of $45.5 million in the third quarter and $44.9 million for the fourth quarter of 2017.

The Housing Opportunity Index, which is prepared quarterly by the NAHB and is sponsored by Wells Fargo, measures the percentage of new. despite near-record low mortgage interest rates. Even more.

After months of anticipation, Wells Fargo & Co. has announced that Jeff Smith will take the helm as head of Home Lending Servicing.

Treasury’s point man on GSE reform stepping down In his first public policy speech as director of the Federal Housing Finance Agency, Mark Calabria stressed that Fannie Mae and Freddie Mac will have to raise significant capital via a public offering and take other steps in order to escape government control.

 · Michael DeVito, who was named Wells Fargo’s interim head of home lending after the bank fired consumer lending head Franklin Codel, is.

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That’s why we established a set of Fair and Responsible Lending Principles that span our full residential real estate lending process, from product development through our post-closing practices. These principles support Wells Fargo’s vision to satisfy all our customers’ financial needs and help them succeed financially.

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SAN FRANCISCO, Jan 29, 2018 (BUSINESS WIRE) — Wells Fargo & Company WFC, +1.34% announced today that Michael DeVito has been named head of Wells Fargo Home Lending, a role he has held on an.

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Michael DeVito, who was named Wells Fargo’s interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit. "Michael is a seasoned and respected leader, with deep experience in both mortgage sales and servicing," Mary.

Wells Fargo Home Mortgage, Inc. offers mortgage lending services. It was formerly known as Norwest Mortgage, Inc. and changed its name to Wells Fargo Home Mortgage, Inc. in April 2000.

Wells Fargo & Co. said that it has fired the head of its consumer loan division over behavior that it says violated company guidelines. Codel, 52, was dismissed from the company, effective.

The bond between a financial institution and customers traditionally has been hard to break, with technology and multiple accounts serving to entrench the relationship in electronic cement. said Ed.