Mortgage rates are likely to stay above 6% through 2026, according to a Wells Fargo report that showed continued pressure on ...

Wells Fargo said in a statement that Monday’s action was the eleventh consent order resolved with regulators since 2019 and the fifth this year.

Wells Fargo ... in its mortgage lending practices. And in January, the bank was freed from a 2022 consent order with the CFPB. Scharf, who came to Wells in 2019 to help get the bank's compliance back ...

Wells Fargo’s filing marks the first major lawsuit against a lender in the broader commercial mortgage fraud scandal ... a Chetrit representative in a statement. “We suffered great financial ...

Headquartered in San Francisco, California, Wells Fargo is one of the nation’s largest financial services institutions, providing banking, mortgage, investing, credit card, personal, small ...

It also alleges the 12-month financial statements provided ... Mortgage Loan to the Trust, taking home millions of dollars of fees in the process,” Wells Fargo’s lawyers wrote in the suit.

“We remain confident that we will complete the work required in our remaining consent orders,” Scharf said in the statement. The compliance issues in home lending in part drove Wells Fargo’s ...