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

The bank has managed to reduce its total number of troubled CRE loans over the last year despite adding 90 more loans for ...

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 ...

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 ...

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.

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 ...

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.

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 ...

As of June 30, Wells Fargo serviced and sub-serviced $543 billion in commercial mortgages for other companies, according to an August filing. While it’s giving that up to Trimont, it will continue to ...

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.

Wells Fargo agreed to sell most of its commercial mortgage servicing business to Trimont, ceding the title of biggest U.S. commercial and multifamily mortgage servicer to the Atlanta-based firm.