![]() levied a $3.7 billion loan management fine upon Wells Fargo. Bloomberg Businessweek reported in March 2022 that Wells Fargo was the only major lender in 2020 to reject more home refinancing applications from Black applicants than it approved. In September 2021, Wells Fargo incurred further fines from the United States Justice Department charging fraudulent behavior by the bank against foreign-exchange currency trading customers. On February 2, 2018, account fraud by the bank resulted in the Federal Reserve barring Wells Fargo from growing its nearly $2 trillion-asset base any further until the company fixed its internal problems to the satisfaction of the Federal Reserve. The company has been the subject of several investigations by regulators. Wells Fargo is ranked 41st on the Fortune 500 list of the largest companies in the U.S. It is one of the most valuable bank brands. It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. federal courts as a citizen of South Dakota). The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota site as its main office (and is therefore treated by most U.S. Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia. At the same time, its banking subsidiary merged with Wells Fargo's Sioux Falls-based banking subsidiary. While Norwest was the nominal survivor, the merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco. Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. It is a systemically important financial institution by the Financial Stability Board and is considered one of the " Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. The company operates in 35 countries and serves over 70 million customers worldwide. Wells Fargo & Company is an American multinational financial services company with a significant global presence. $2 stamp and 10 cents stamped envelope with Pony Express cancellation, carried from San Francisco to New York City in 12 days, during June 1861 Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Voiceover: There's no place like home, and there's no place like your Dashboard.Įxplore your home Dashboard and all the tools your online mortgage account has to offer from just about anywhere, including the comfort of your home.Īudio Descriptions: On screen text. Voiceover: View Goals gives you the tools and the resources needed to help achieve your home ownership goal.Ĭheck out our Learning Center, stacked with educational content.Īudio Descriptions: On the Learning Center, drop down content. Understand market trends and my neighborhood. Clicks on View Goals on the navigation bar. Voiceover: My Loan gives you key insights into your mortgage, including your escrow account, all in one convenient place.Īudio Descriptions: A woman uses a laptop. ![]() A graphic shows Year to date interest and principal and loan start and end dates. Looking to feel more confident with your mortgage details?Īudio Descriptions: A man with a baby on his lap uses a laptop. You can also keep an eye on Home Value Trends. See how your home value compares to your neighborhood and get recent sales information that can help you with buying or selling decisions. Voiceover: Search My Neighborhood and get a better idea of where you currently stand or sit. A map shows prices of recently sold homes by location. Plotted lines show data for average sales price in your neighborhood. Clicks on My Neighborhood in the navigation bar. Or add in lump sums and watch what happens.Īudio Descriptions: A man sits on his front porch using a cell phone. Voiceover: Let's see how much you can reduce the term of your loan and the amount of interest you pay over time just by adding a little extra to your monthly mortgage payment. Under Pay a Lump Sum, types in a Payment Amount of $15,000. Under Add to your Monthly Payment, uses a slider bar to choose an extra principal payment on a sliding scale from $0 to $350. Want to see how adjusting your payments may save you money?Īudio Descriptions: A woman sits on her couch using a laptop. Just sign on to Wells Fargo online banking and select your Mortgage account.Ī simple navigation bar at the top gives you quick access to key information about your home, your loan, the neighborhood, your goals, and education. Your new Dashboard is filled with easy-to-use tools. It's your place to relax and feel comfortable with your mortgage. Voiceover: A house is a place with a roof. Audio Description: The sun rises over a hill and a neighborhood.
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