Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much lower after last week’s news regarding planned purchases of $200bln in mortgage backed bonds. But bonds aren’t the only input for rates, and those other inputs can make for days like today where […]
Mortgage Rates Unchanged Despite Bond Market Improvement Read More »
At times, the generational divide in mortgage lending feels like the setup to a workplace sitcom: the Gen X loan officer wonders why no one returns their voicemail, while the Gen Z loan officer never even bothered to configure theirs. Beyond the humor, there’s a real operational issue: knowledge that took 30 years to accumulate
How AI may help mortgage lending weather a talent crunch Read More »
Forward look: Wells Fargo is projecting $50 billion in 2026 net interest income, a 5% increase over the 2025 result. Expert quote: “The cash flow, the spending levels, the credit performance has all been quite good so far.” — Chief Financial Officer Mike Santomassimo, commenting on Wells’ consumer results Supporting data: Wells’ total assets reached
Strong consumer results push Wells Fargo profits higher Read More »