Wells Fargo

Hawaii Volcano Victims Can Get Relief on Mortgage Payments

May 21st, 2018
(TNS)—If you live in an area of Hawaii that’s been impacted by the Kilauea volcano eruption, your mortgage lender may offer you relief. The eruption has destroyed 26 homes (at press time), and more homes are still at risk. Wells...

Elevated Lumber Prices Lead to Builder-Confidence Slip

June 18th, 2018
Builder confidence dropped down two points to 68 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Experts say elevated lumber prices are to blame; however, the overall sentiment is still strong,...

Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices

April 22nd, 2018
The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to...

NAHB: Affordability Turns Downward in Q2

August 13th, 2017
Housing affordability took a turn downward in the second quarter of 2017, as home prices and mortgage rates moved opposite, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Approximately 59 percent of homes...

Builder Confidence in New Construction Climbs Back Up

August 15th, 2017
Home builder confidence in the new, single-family construction market has climbed back up in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading for August was 68, up four points from July. An...

Home Builder Confidence Remains on Upbeat Track

April 17th, 2017
Home builders are keeping upbeat about the new single-family housing market, with their confidence coming in at a reading of 68 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Index readings of 50-plus indicate more...

Home Builder Confidence Harkens Back to 2005

March 18th, 2017
Home builders’ confidence in the new single-family housing market is harkening back to 2005, rising to a reading of 71 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)—the highest level in 12 years. Index readings...

Builders Put Stock in Trump as Confidence Inflates to 2005 High

December 17th, 2016
Home builders’ confidence in the housing market inflated to its highest reading in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) since July 2005, indicating a renewed sense of optimism after the results of the election....

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