Currently browsing tag

wells-fargo

Russian mortgage holders slammed by ruble plunge

When they took out a mortgage on a small two-room apartment seven years ago, Oksana Li and her husband hoped to make a new home for themselves and their young son.Now, like thousands of other Russians, they are seeing that dream…

Improving Mortgage Origination Activity Likely To Extend Into Q4

While the impact on banks such as Bank of America and Citigroup, which were forced to slash their mortgage operations in the wake of the recession, has been negligible, those such as Wells Fargo and U.S. Bancorp – which bulked up their mortgage banking businesses considerably after the economic downturn – have been hit the most. The steady increase in the number of mortgage applications over the …

Invesco Mortgage Capital posts 3Q profit

On a per-share basis, the Atlanta-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring costs, came to 44 cents per share. The results missed Wall Street expectations. …