online.wsj.com - 14 days ago
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[wells fargo] Associated Press Wells Fargo's interest-only loans will defer balances for up to six to 10 years. Here, a Wells Fargo Home Mortgage location in Springfield, Ill.
hf-implode.com - 16 days ago
philstockworld.com - 9 days ago
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philstockworld.com —
Today’s tickers: WFC, AMR, PG, DRYS, DTV, M,
EMC, WYNN, TOL & SFD WFC - Wells Fargo
& Co. – A popular option strategy frequently employed on Wells Fargo, the ratio put spread, appeared once again in the January 2010 contract. The bearish play was initiated despite the ...
(more)
Wells Fargo Put Spreaders Back in Town
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Links 11/6/09
naked capitalism —
... reported the same way… John Hempton
Dollar rise *alert* FT Alphaville
Reed Apologies for Glass Steagall Repeal, Building Citigroup Bloomberg
Banks Thwarting Feinberg Pay Model by Changing Bonus Formulas Bloomberg. I’d post on this, but it has been in “story to follow” mode for three hours.
Federal Reserve Loses Expanded Powers Proposed By Obama Administration Shahien Nasiripour Huffington Post
Wells Fargo Takes Chance With a Loan Exchange Wall Street Journal. More smoke and mirrors at ...
Wells Fargo Pick-A-Pay, Pick-A-Pray
FT Alphaville —
Extend and pretend. Kicking the can. Fake it till you make it. Band-aided. Any one of those expressions could be used to describe the latest loan modification technique from Wells Fargo. Dow Jones, via the Wall Street Journal , has the story: NEW YORK (Dow Jones)–Wells Fargo & Co.’s (WFC) strategy for modifying its billions in troubled Pick-A-Pay mortgages looks a lot like a game of kick-the-can-down-the-road. Wells Fargo, the fourth-largest U.S. bank by assets, holds more than $107 billion in debt tied to option-adjustable rate mortgages, a quintessential loan product from ...
Wells Fargo (WFC) Kicks the Can by Transofrming Option ARM Mortgages into Interest Only
Fund My Mutual Fund —
... Down or Negative Equity Top Source of Foreclosures] And people with no skin in the game are most apt to simply walk away... while this conversion might forestall the eventuality, I doubt it will change it for most. But ... anything to keep the mirage going for now. [Dec 8, 2008: More than Half of Homeowners with Modified Loans are Back in Trouble] Heck even the Wall Street Journal now uses "kick the can".
Via WSJ
Wells Fargo & Co.'s strategy for modifying troubled Pick-A-Pay ...
Related Content
Wells Fargo Sues Wells Fargo, Wells Fargo Denies Allegations
calculatedriskblog.com 7/12/2009 — For a little Saturday night amusement ... From FoxBusiness: Wells Fargo Bank Sues Itself (ht Rama) ... I could not resist asking Wells Fargo Bank NA why it filed a civil complaint against itself in a mortgage foreclosure case in Hillsborough County, ...
Wells Fargo: Things May Not Be Well at Wells
valueinvestingnews.com 2/21/2009 — I thought Bank of America (BAC) was strong enough to survive without cutting its dividend. This all changed with the announced acquisition of Merrill Lynch. Is this same situation playing out with Wells Fargo’s (WFC) acquisition of Wachovia?
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Wells Fargo: Things May Not Be Well at Wells
dividendsvalue.com 2/17/2009 — I thought Bank of America (BAC) was strong enough to survive without cutting its dividend. This all changed with the announced acquisition of Merrill Lynch. Is this same situation playing out with Wells Fargo’s (WFC) acquisition of Wachovia?
Wells Fargo Wants to Party, but Maybe Not
dealbook.blogs.nytimes.com 2/4/2009 — Wells Fargo mortgage brokers are going to party like it is 2006 - or maybe they won't.
The San Francisco-based bank, which has received $25 billion in federal bailout money and last week reported a $2.55 billion loss, has been planning on flying dozens of its top mortgage officers to Las Vegas ...
Wells Fargo Sues Itself
businessinsider.com 7/12/2009 — shootinfoot tbi Dow Jones newswire columnist Al Lewis breaks the news that Wells Fargo is suing itself. ( Via Calculated Risk ) In this particular case, Wells Fargo holds the first and second mortgages on a condominium, according to Sarasota, Fla., ...
Wells Fargo Said to Need $15 Billion in New Capital (Update1)
bloomberg.com 5/6/2009 — May 6 (Bloomberg) -- Wells Fargo & Co. , the fourth-largest U.S. bank by assets, requires about $15 billion in new capital as a result of regulators’ stress test on the lender, according to a person familiar with the matter. Regulators have said ...
Wells Fargo Drops After Bove Questions Profit
dealbook.blogs.nytimes.com 30 days ago — Shares of Wells Fargo fell 5.1 percent after Richard X. Bove, the outspoken banking analyst at Rochdale Securities, cut his rating on the stock to "sell" on Wednesday afternoon, saying the bank's third-quarter profit of $3.2 billion was "unsustainable."
Wells Fargo (WFC) – show me the money
valueinvestingnews.com 4/18/2009 — Last week Wells Fargo (WFC) reported better than expected first quarter EPS of $0.55/share. If the company manages to maintain earnings at the current rate, the annual EPS would jump up to $2.20/share. That puts the forward P/E ratio at 9, which is ...
Wells Fargo May Need $50 Billion in Capital
hf-implode.com 4/13/2009 — ``
KBW expects $120 billion of “stress” losses at Wells Fargo, assuming the recession continues through the first quarter of 2010 and unemployment reaches 12 percent, Cannon wrote today in a report. The San Francisco-based bank may need to raise $25 billion on top of the $25 billion it owes the ...
Is it Time To Short Wells Again?
bankimplode.com 8/7/2009 — ``
Yesterday, rapid put volume and big block buys on the September 26 strike price had hedgies buzzing. On Thursday WFC traded 87,500 calls against 194,000 puts for 2.20:1 put/call ratio. That type of unusually volume set off optionmonster.com alarm bells, as clients received email alerts to big ...
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