Tag Archive for: wells fargo

Wells Fargo Is Exiting Mortgage Lending & Why It Matters; Hate & Love for WFB

Embessler Stole $300,000 From Me And Heejin In 2011, Heejin and I caught our bookkeeper embezzling money from us. It was over $200,000 we knew for sure, but we never […]Read More

Great Incentives VS. Incentives Gone Wrong (& Cobras Too)

INCENTIVES ARE EVERYTHING/INCENTIVES GONE WRONG ARE FASCINATING! Great incentives create great outcomes. But unfortunately, humans are astonishingly bad at establishing incentives – a point investor, entrepreneur, and writer, Sahil Bloom […]Read More

Jumbo Market Gets Even Tighter as Wells Fargo Pulls Out; Forbearances Again

WELLS FARGO PULLS OUT OF JUMBO MARKET Wells Fargo announced yesterday that it is pulling out of the jumbo mortgage market, sending shock waves through the industry (b/c Wells is […]Read More

Rate Locks – How They Work; Who Pays; Wells Fargo

Wells Fargo Rate Lock Extensions Suit Wells Fargo was sued in 2017 for charging borrowers for “lock extensions” even though the delays that fostered the need for the lock extensions […]Read More

High Pressure Sales Cultures – Counter Productive; Painful Too

I just listened to a great Planet Money Podcast about Wells Fargo’s brutal sales culture.  Planet Money – Wells Fargo Hustle The hosts interview a young woman who worked in […]Read More

Make Sure Employees Have Stake In Business; Wells Fargo’s Crisis

Some economists think that central banks will not be able to raise rates unless there are major political and policy changes. They say that current policies of higher tax rates […]Read More