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wells fargo: Too big to fail? Or just too big to nail? - 12/07/11 03:34 PM
The four biggest banks in the country now control 62% of all bank assets in this country, up from 54% five years ago when housing/banking troubles started. According to the Wall Street Journal, 
JP Morgan/Chase assets have increased from $1.3 trillion to $2.3 trillion  Bank of America has grown from $1.4 to $2.2 trillion  Citibank has edged up from $1.8 to $1.9 trillion  Wells Fargo has gone from $.5 to $1.3 trillion  During the same five year period, housing prices have tumbled by 50% or more in some markets and home sales, job growth and consumer confidence continue to stagnate across the … (8 comments)

wells fargo: BofA & Chase publish HAFA Guilines. Thanks NAR? - 08/10/10 07:17 PM
A couple weeks ago at our GAD Institute, NAR President Vicki Cox-Golder discussed how she and Ron Phipps have been meeting with banking executives around the country in an effort to get some uniformity in short-sale practices and to find out what problems are preventing these large institutions from doing short-sales expeditiously in the best interest of our entire industry. They had met with B of A exec's just prior to her visit with us and said that in addition to B of A promising to work on the problems, they had also extracted a promise to reduce the time to … (6 comments)

wells fargo: A Loan Modification Success Through 'Making Home Affordable' Program - 06/20/09 02:41 PM
Tuesday after speaking to the City Council about our housing market, several people followed me out as I left the chambers. Usually they're chasing me with cudgels, but this night they just wanted to share stories and ask about getting help with their housing problems.
One story I still hear way too often in spite of all our efforts to get the word out was a story of fraud. One gentleman lamented that he had sent $2,500 to a Florida company that promised to get his loan modified. Not only has nothing been done in three months, but now they don't … (25 comments)