Property values showed greater stability, with prices recording modest growth, though they remained below their 2021 highs. The overall price index rose 0.6% year-over-year, representing the first ...

Wells Fargo said the “increasingly prudent consumer” is reflected in commercial real estate demand. Wells Fargo ’s economists said commercial real estate nationally may have begun stabilizing.

The bank has managed to reduce its total number of troubled CRE loans over the last year despite adding $90M in apartment ...

The bank’s financial report revealed that Wells Fargo’s total allowance for credit losses (ACL) increased modestly by $16 ...

Amid ongoing pressures in commercial real estate, Wells Fargo has reached an agreement to sell a big piece of its CRE mortgage servicing business. Wells Fargo to unload more real estate $5M grant ...

In our view, Wells’ 3Q results are another indicator that CRE lending is very likely heading towards a severe crisis, and given its large size, this is a major risk for the stability of the ...

Similar to Wells Fargo, this month, Deutsche Bank DB announced its plan to offload almost $1 billion of its U.S. commercial property loans to trim down CRE loan exposure, per a Bloomberg report.

Wells Fargo CFO Mike Santomassimo said on the post-earnings call with analysts that while losses in the bank's CRE office portfolio increased in Q2, they were "in line" with expectations. Still ...

Trimont will acquire a segment of Wells Fargo ’s loan servicing business, bringing roughly $475 billion of loans Trimont’s way, the companies announced Tuesday.. The Atlanta-based firm will buy Wells ...

Wells Fargo (WFC) agrees to sell its non-Agency third-party servicing segment of its CMS business to Trimont. This decision allows the bank to focus more on its core business activities.

Similar to Wells Fargo, this month, Deutsche Bank DB announced its plan to offload almost $1 billion of its U.S. commercial property loans to trim down CRE loan exposure, per a Bloomberg report.