HOME BASED BUSINESS WORK (Free subscription) | 12 hours ago
Tim Landis: Wells Fargo employees learning to modify mortgagesThe State Journal-RegisterThe shop started as a home-based business on the Sangamon River. It moved to Dirksen Parkway in 2004. The phone number is 544-9731. …
Dr. Housing Bubble Blog (Free subscription) | yesterday
Last week, foreclosure Hall of Fame member and government stepchild Fannie Mae announced a stunning $18.9 billion loss. Remember last year when we were told that bailing out the enormous Government Sponsored Entities that we would be turning a profit? Well that didn’t exactly pan out and both Fannie Mae and Freddie Mac have been [...]
Guided by History (Free subscription) | yesterday
On Saturday, November 7, 19 Wachovia Bank stores in Colorado will convert to the Wells Fargo brand. Although Colorado is the first state where Wachovia signs will disappear, Wells Fargo is not a newcomer to the Centennial State. On November...
Payment News (Free subscription) | yesterday
In its SEC 10-Q filing today, Wells Fargo estimated that the impact of its new overdraft fee policies will be a $300 million after tax reduction in its fee revenue for 2010. Quoting: "We recently announced policy changes that will help customers limit overdraft and returned item fees. We currently estimate that these changes will reduce our 2010 fee revenue by approximately $300 million (after...
iStockAnalyst.com (Free subscription) | 06/11/2009
If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs')). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those. [More...]
GuruFocus Updates (Free subscription) | 06/11/2009
By 10qk. Wells Fargo & Company ( WFC ) filed Quarterly Report for the period ended 2009-09-30. Read more » »
Wall Street Pit (Free subscription) | 06/11/2009
If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs']. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew...
MarketIntelligenceCenter.com (Free subscription) | 06/11/2009
Wells Fargo (NYSE: WFC) opened at $26.72. So far today, the stock has hit a low of $26.58 and a high of $26.80. WFC is now trading at $26.71, down $0.56 (-2.05%). Over the last 52 weeks the stock has ranged from a low of $7.80 to a high of $32.76. Shares of WFC are declining with the rest of the market this morning after a worse-than-expected unemployment report reignited investors' fears of a sluggish...
MarketIntelligenceCenter.com (Free subscription) | 06/11/2009
Wells Fargo (NYSE: WFC) closed yesterday at $27.29. So far the stock has hit a 52-week low of $7.80 and 52-week high of $32.76. Wells Fargo stock has been showing support around 26.21 and resistance in the 27.87 range. Technical indicators for the stock are Bearish and S&P gives WFC a neutral 3 STAR (out of 5) hold rating. WFC appears on the Investors Observer Hedged Dividend Income list. For a...
SeekingAlpha.com (Free subscription) | 6 hours ago
Job creation is the key to economic recovery, FHA loan exposures are becoming problematic, the Strategic Default becomes an American Craze, and Wells Fargo ( WFC ) plays “kick the can”. Friday morning’s payroll report shows a continued problem with job creation. Complete Story »
BennyHollywood (Free subscription) | 14 hours ago
Filed under: Nicole Kidman When you've got as much cash as Nicole Kidman, it's easy to forget when you're missing $16k. TMZ has learned the actress has the right to claim $16,673.09 in cash that she's owed from both Wells Fargo Bank and NBC Universal, this according to a ...
SeekingAlpha.com (Free subscription) | 6 hours ago
Ravi Nagarajan submits: Wesco Financial Corporation ( WSC ) reported results for the third quarter Friday. The company issued a press release and filed the 10-Q report with the SEC. Wesco Financial is a publicly traded, 80% owned subsidiary of Berkshire Hathaway ( BRK.A ). Berkshire Hathaway also released third quarter earnings Friday. Wesco reported net income per share of $1.39 for the third quarter...
Say Anything (Free subscription) | 19 hours ago
That’s 44% . And there are probably more, given how broad and riddled with loopholes congressional reporting requirements are (remember that it wasn’t until the Countrywide scandal broke that anyone learned Senator Kent Conrad had a $3.1 million beach house in Delaware ): Only one percent of Americans can claim to be millionaires, yet 44 percent of members of Congress are millionaires according...
CJR Daily (Free subscription) | 06/11/2009
Dow Jones Newswires breaks an excellent story on Wells Fargo's efforts to delay its day of reckoning on billions and billions of more mortgage losses, these in ready-to-implode option-ARMs Wells inherited when it bought Wachovia, which inherited them when it bought Golden West, which pioneered the disastrous concept of the "Pick-A-Pay" mortgage. Now, Wells Fargo is giving...
The Liberal Doomsayer (Free subscription) | 06/11/2009
“Floats” for the Yankees parade today in honor of their World Series win, huh? We didn’t need any damn “floats” here when the Phillies won last year. All we needed was to load up everybody into assorted vehicles and take them down the parade route to Citizens Bank Park for the celebration. (No, I don’t begrudge the Yankees their “day in the sun” here....
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