Two years into her stint with the bank, Head of Wells Fargo Home Lending Kristy Fercho speaks to MReport about challenges, victories, and the “extraordinary privilege” of helping people achieve the American Dream.
Most Recent Articles
Senators Introduce CFPB Accountability Measure
Sens. Katie Britt and John Boozman introduced the PROTECTED Act, legislation drafted to protect small financial institutions and Main Street businesses from “regulatory overreach” and excessive...
Foreclosure Filings Spike in First Half of 2025
Despite remaining below pre‑pandemic highs, incremental rises in starts, filings and REOs suggest homeowners are feeling increasing economic stress. Here’s what the latest ATTOM data reveals. The...
Millennials Buck Rate Trends, Show Rising Interest in Homebuying
A new survey finds millennials are more likely to buy a home in the next six months, even as most Americans remain on the sidelines thanks to mortgage rates hovering near 7% and the persistent...
Lawmakers Introduce Homeowner Safeguard Bill for Natural Disasters
Sen. Adam Schiff has introduced the Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act, bipartisan legislation aimed at stabilizing the home insurance market by...
Fed Governor Calls for Rate Cuts
Christopher Waller, a member of the Board of Governors of the Federal Reserve System, recently discussed why he feels the Fed should “reduce its policy rate by 25 basis points” at the next Federal...
One Bill, Big Impacts: What the OBBBA Means for Borrowers
Skeptics of the One Big Beautiful Bill Act (OBBBA), which President Trump signed into law on the nation’s 249th birthday, warn it may eliminate key repayment options, shift tax benefits, and...
Home Insurance Crisis Intensifies
Nonrenewal rates and rising premiums are just some of the factors driving instability in the home insurance market, as climate-related events continue to push premiums upward and out of reach for...
FHFA Director Alleges Mortgage Fraud by California Senator
William J. Pulte, Director of the FHFA, has sent a memo to the Department of Justice stating that Sen. Adam Schiff “falsified bank documents and property records to acquire more favorable loan...
Homeownership Catching Up: Renter‑Buyer Gap Narrows
New data reveals renting saves on average of $900 per month, but that margin is slipping as the rent advantage is shrinking in 37 of the 50 largest U.S. metros. The post Homeownership Catching Up:...
The Exchange: Donna Schmidt, DLS Servicing
Donna Schmidt is President and CEO of DLS Servicing. A seasoned professional with four decades of leadership experience in the mortgage industry, she is a sought-after authority on loss mitigation...
New Home Purchases Surge YoY
“Applications to purchase new homes fell in June, consistent with typical seasonal patterns, but remained ahead of last year’s pace,” said Joel Kan, MBA’s VP and Deputy Chief Economist. The post...
Q2 Snapshot: Big-City Residents Evacuating Nationwide
"Affordability remains a primary driver of home searches, but evolving workplace policies, job opportunities and shifting local conditions also play a role," said Danielle Hale, Chief Economist at...
U.S. Economists Signal ‘Red Flare’: What Does This Mean?
A top economist has warned that the U.S. housing sector, which is struggling with problems in both building and sales, might soon have an impact on the country’s economy as a whole. “I sent off a...
Domestication and Collection of Foreign Judgments in Connecticut
Attorney Lucas Rocklin discusses how creditors enforce judgments against a debtor with assets or business operations across state lines. The post Domestication and Collection of Foreign...
Senate Passes Bill to Assist Distressed Veteran Homeowners
H.R. 1815, the VA Home Loan Program Reform Act, establishes a permanent partial claims program, allowing vets who have fallen behind on their mortgages to receive federal assistance. The post...
Search Underway for Next Fed Chair?
Scott Bessent, Secretary of the Treasury, stated that the Trump administration has formally launched the process of finding a replacement for Jerome Powell as Chair of the Federal Reserve. The...
Lenders Clamp Down on Credit Offerings Amid Market Uncertainty
A softening employment market and rise in mortgage delinquency rates are driving mortgage credit availability downward in June after six months of growth. The post Lenders Clamp Down on Credit...
Fed Report: Are Interest Rates Likely to Decline Anytime Soon?
A new paper jointly published by the Federal Reserve Banks of New York and San Francisco explores the possibility of the Fed once again setting its short-term interest rate target at near-zero...
International Buyers Claiming Growing Share of U.S. Housing Market
The National Association of Realtors 2025 International Transactions in U.S. Residential Real Estate report shows that between April 2024 and March 2025, foreign purchasers bought $56 billion...
Bill Would Channel Billions From Fannie/Freddie Sale Towards Affordable Housing
Bipartisan legislation has been proposed that would utilize proceeds from the sale of Fannie Mae and Freddie Mac for the construction of affordable housing for middle-class Americans. The post...