Builder confidence holds steady

Builder confidence remained steady in March with the Housing Market Index at 62, on a 0-100 scale, after climbing the past two months.

Builder confidence rises amid low interest rates: NAHB index

Builder confidence climbed for the second straight month, according to data from the National Association of Home Builders and Wells Fargo.

Builder confidence rises amid low interest rates: NAHB index

Builder confidence climbed for the second straight month, according to data from the National Association of Home Builders and Wells Fargo.

Builder confidence rises due to falling mortgage rates

Builder confidence for newly built single-family homes is rising due to falling mortgages, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The HMI rose 2 points in January to 58 on an index that grades any score above 50 as builders viewing conditions more good than poor. Last month, the HMI hit a three-year low. 

Wells Fargo foreclosed on 500 people due to ‘calculation error’

Hundreds of people were foreclosed on and lost their homes thanks to an internal calculation error on the part of Wells Fargo, the bank confirmed Tuesday.

Builder confidence in single-family home sales remains solid

The National Association of Home Builders’ index for newly built single-family homes rose 1 percentage point month-over-month to 68, continuing a five-month trend of scores in the high 60s.

Wells Fargo blames 400 improper foreclosures on computer glitch

Wells Fargo improperly foreclosed on approximately 400 homes where the homeowner should have been eligible for a loan modification, according to the company’s SEC filings on Friday. The company blamed the error on a computer glitch that occurred with an underwriting tool.

Wells Fargo to pay $2.09B in subprime mortgage settlement

Banking giant Wells Fargo agreed Wednesday to pay $2.09 billion in fines for originating subprime mortgages that it knew contained misstate income information in the run-up to the financial crisis.

Elevated Lumber Prices Lead to Builder-Confidence Slip

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, as any above-50 readings point to a positive outlook. “Builders are optimistic about housing market […]

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Hawaii Volcano Victims Can Get Relief on Mortgage Payments

(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 Fargo and Bank of Hawaii have implemented disaster relief policies for those affected by Kilauea. […]

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