Wells Fargo ups commissions to spur loan production

U.S. stocks rose for a second day, erasing earlier losses as speculation the Federal Reserve will take steps to spur lending and an increase in. both in terms of EPS and revenues. And finally Wells.

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Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage.

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Wells Fargo ups commissions to spur loan production Posted on August 14, 2014 | Leave a comment Despite seeing an increase in loan originations in the second quarter, Wells Fargo’s ( WFC ) loan production volume has been falling as the refinance boom has cooled.

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The potential absence of further interest rates increases by the Fed means that banks may not be able to charge more on loans in the coming months. "If we don’t see more rate raises, which is likely ..

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Over the last two and a half years, Wells Fargo, like most of the major mortgage servicers, claimed that it had a "rigorous system" to insure that mortgage documents were accurate and complete. The reason this mattered was that there was significant evidence to the contrary. foreclosure defense attorneys found repeatedly that, for securitized mortgages, the servicer or foreclosure mill.

Wells Fargo Equipment Finance specializes in lease and loan financing programs and services to companies in a variety of industries to offer their business customers financing for equipment, services and supplies.