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

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 · House hunters find THE one – with a big assist. A family in New Jersey found the home of their dreams with help from the Wells Fargo Home Lending team – and an online tool.

July’s new-home numbers proved worse than the 330,000-unit pace they had expected. Similarly, sales of existing homes also plunged in July, dropping 27.2% on a monthly basis. The drops occurred.

View the full release here: https://www.businesswire.com/news/home/20190619005054/en/ “Industry data shows us that for 10,000 debit card transactions, as many as 25 are fraudulent,” said Jason.

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and ceo brian moynihan expects that to continue this year. However, for market watchers skeptical about the industry’s growth prospects, BofA’s numbers may do little to change their minds.

“Mike Mayo will still be Mike Mayo,” says Mike Mayo. “Mike Mayo will still be Mike Mayo.” Last year, when a checking account mis-selling scandal was revealed at Wells Fargo, Mayo was sharply critical of then chief executive john Stumpf, who eventually left. But long time readers of Mayo’s notes will remember when he was more effusive about the business.

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Wells Fargo said Michael DeVito will lead its mortgage division, after assuming the role on an interim basis following an executive shake-up in late 2017.

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Krish Swamy, VP, Advanced Analytics, Wells Fargo [NYSE:WFC] The term “Cambrian Explosion” is probably a familiar one to those among us who have a passing interest in biology and evolution. Put simply, the Cambrian Explosion refers to a short evolutionary period about 541 million years ago.

Heid will continue in his current role at Wells Fargo until Sept. 30 and remain with the company until the end of the year to ensure a smooth transition, the bank said. Codel will take over Heid’s role as head of mortgage lending on Oct. 1.