Real Estate

Monterey Peninsula Real Estate News

Wells Fargo: Mistake contributed to hundreds of foreclosures
Posted on Saturday August 04, 2018

CHARLOTTE, N.C. (AP) - Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers' eligibility for mortgage modifications.

The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for.

How major US stock indexes fared Wednesday
Posted on Wednesday July 25, 2018

Stocks closed broadly higher Wednesday as a batch of solid company earnings and news that the U.S. and European Union agreed to work on mending their trade dispute put investors in a buying mood.

Technology companies led the rally, which gave the S&P 500 its third consecutive gain in a row and nudged the Nasdaq composite index to an all-time high.

A glance at US mortgage rates
Posted on Thursday July 19, 2018

Long-term U.S. mortgage rates edged slightly lower this week.

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