Next Time You Think About.... - REO Property Preservation Forum
 
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post #1 of 4 (permalink) Old 07-14-2013, 07:47 AM Thread Starter
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Next Time You Think About....

Saying yes to that crappy $20 lawn cut......

http://www.usatoday.com/story/money/...nings/2511633/

There is absolutely no reason to accept the fee structures in this industry....
The revenue is available to pay what is needed to get the job completed correctly....
So when are you going to start saying no????

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post #2 of 4 (permalink) Old 07-14-2013, 02:50 PM
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The banks have more divisions that just the mortgage industry. Credit cards, direct lending. Auto lending. Sales. Etc. it would help to know what it is that you're speaking about Aaron. WFHM doesn't pool it's money with Wells Fargo bank. Or Wells Fargo Credit Card services. It's easy to point the finger when you want to spin your crap. It sucks more when someone who actually knows how this works comes and and questions your bull. Then you don't answer. #Jounalism #SilverSprings #Sensationalism #Spin
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post #3 of 4 (permalink) Old 07-14-2013, 05:47 PM
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Quote:
Originally Posted by thanohano44 View Post
The banks have more divisions that just the mortgage industry. Credit cards, direct lending. Auto lending. Sales. Etc. it would help to know what it is that you're speaking about Aaron. WFHM doesn't pool it's money with Wells Fargo bank. Or Wells Fargo Credit Card services. It's easy to point the finger when you want to spin your crap. It sucks more when someone who actually knows how this works comes and and questions your bull. Then you don't answer. #Jounalism #SilverSprings #Sensationalism #Spin
There is an article in this months fortune magizine raving about Fannie Mar and Freddi Macs 100billion dollar record profits and how they are now a cash machine for government.

You are both right.
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post #4 of 4 (permalink) Old 07-14-2013, 09:59 PM Thread Starter
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Wells Fargo CEO John Stumpf said the economy is still slow enough that demand for loans is still growing modestly, but added that recent hiring gains point to improved business confidence that should help later in the year.
"The strength in the housing market was a positive catalyst to our results in the second quarter in a number of ways, including higher originations for home purchases,'' he said. "Rates rising for the right reason — an improving economy — is beneficial for our customers, which benefits Wells Fargo."

Wells Fargo said its total loan portfolio grew 3.4%, reflecting an improving economy, and its loan losses were the smallest since the second quarter of 2006. As expected, the rise in interest rates began to affect the company's mortgage business. Non-interest income from mortgage banking dropped 3%, and the value of mortgage applications pending at the end of the quarter dropped 15% to $63 billion.

http://www.usatoday.com/story/money/...nings/2511633/

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