Wells Fargo Wells Fargo announced late Thursday it plans to appoint President and CEO Charlie Scharf chairman of its board of directors and award him a special equity grant of $30 million in restricted share rights along with more than a million stock options. The San Francisco-based banking giant said in a press release it […]
Wells Fargo to name Scharf chairman Read More »
Every month, we offer the same old warning/reminder ahead of the big jobs report–something to the effect of “no other economic report has as much power to cause volatility in rates, for better or worse.” Days like today are the reason for that reminder. Thankfully, it was the “better” end of the spectrum. Rates tend
Mortgage Rates Instantly Drop to 4 Month Lows After Jobs Report Read More »
The impact on housing of President Trump’s latest set of tariff announcements, including a 35% levy on goods from Canada not covered under the U.S.-Mexico-Canada Agreement, is either mildly disruptive or significant, depending on who you ask. This comes from a series of executive orders signed by the President on July 31. A particular change
Fresh tariffs from Trump target homebuilding costs Read More »