The Wells Fargo move that has corporate America buzzing - News and Current Events | futures io social day trading
futures io futures trading

The Wells Fargo move that has corporate America buzzing
Updated: Views / Replies:251 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

The Wells Fargo move that has corporate America buzzing

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

The Wells Fargo move that has corporate America buzzing

It’s worth pointing out that a Federal Reserve governor, Daniel Tarullo, went out of his way on Tuesday to threaten future “monetary policy action” in response to a “build-up of broad and sustained systemic risk.”

WASHINGTON (MarketWatch) — It’s not often you hear the C-suite taking time from touting their own results to buzz about a strategic decision made by another company.

Yet that was the case Tuesday. Executives from both Home Depot HD +0.15% and Realogy RLGY +0.91% publicly and repeatedly praised the decision by Wells Fargo to make Federal Housing Administration loans easier to get.

Specifically, Wells Fargo WFC +0.04% is lowering the FICO threshold for getting an FHA loan to 600 from 642.

Now, Wells Fargo is no bit player; they’re the largest home lender in the country.

And Home Depot and Realogy (the owner of Better Homes and Gardens, Century 21 and Coldwell Banker among others) are not disinterested parties; more housing leads to more transactions and more profits for both of these companies, unless, say, the market explodes so much that it comes crashing down and that won’t ever happen, um, ahem.

That’s not to say we’re back in the heady days of 2006 or 2007, or will be, as Wells Fargo implements the change. No less an authority than Robert Shiller says home prices will continue to rise this year (albeit at a less-aggressive pace). One key measure, the ratio of prices to rents , is moving higher but basically around the levels of the 2001 recession.

A key measure of bank’s willingness to lend, the Federal Reserve’s senior loan officer survey, still show a pretty tight environment for home loans even as other loans are being aggressively made. Even the Fed’s Tarullo, warning about signs of excess, allows that valuations for real estate remain “within historic norms.”

The new loans Wells Fargo is making do require documentation — lots of it, when the federal government is involved — unlike some of those NINJA loans of days past. Typically, they would be for people who, one would hope, are on the road to recovery from the 2008 financial crisis.

Wells Fargo in 2014 isn’t, it’s fair to say, Countrywide in 2006. And corporate CEOs are probably right to praise the direction the pendulum is moving.

Equally, it’s probably right that the Tarullos of the world keep a close eye on just how far that pendulum moves.

The Wells Fargo move that has corporate America buzzing - MarketWatch First Take - MarketWatch

Reply With Quote


futures io > > > > The Wells Fargo move that has corporate America buzzing

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
WFC - Wells Fargo and Company HPotter Stocks and ETFs Trading 3 August 21st, 2013 05:45 PM
WELLS FARGO Loses All Of Retired Couple's Possessions ... Victory Trader News and Current Events 0 September 8th, 2012 12:39 PM
Wells Fargo agrees to pay $37M in bid-rigging case kbit News and Current Events 0 November 8th, 2011 09:04 PM
Vampire forecloses on Wells Fargo Big Mike Off-Topic 0 August 1st, 2011 11:14 AM
Wells Fargo settles mortgage-abuse case for $85M kbit News and Current Events 0 July 20th, 2011 03:42 PM

All times are GMT -4. The time now is 05:21 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-21 in 0.06 seconds with 19 queries on phoenix via your IP