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American multinational financial services company Wells Fargo is fined $250 million for "unsafe or unsound practices" related to its home-lending practices by the United States Office of the Comptroller of the Currency.
2021-09-9

The assets of American fast fashion chain Forever 21 are purchased out of bankruptcy by real estate companies Simon Property Group and Brookfield Property Partners, and brand management firm Authentic Brands Group.
2020-02-19

Wells Fargo, the fourth-largest bank in the United States, misses its third quarter profit estimates due to interest rate declines and the shrinkage of its mortgage lending business.
2019-10-15

Key housing bills pass in California, the U.S. state with the highest number of people suffering from homelessness and poverty.
2017-09-15

A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019
2013-02-21

For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.
2013-01-7

Wells Fargo plans to move jobs to India and the Philippines.
2012-06-22

Bank of America resumes foreclosures in 23 states following a temporary halt in foreclosures due to the 2010 Foreclosure crisis
2010-10-18

The Hong Kong Monetary Authority announces it is to tighten some rules on mortgage lending, signalling that it is concerned about the dangers of a real estate bubble in Hong Kong.
2010-08-13

Shirley Sherrod, an employee of the United States Department of Agriculture, resigns after a video on the internet surfaced showing her apparently making racist remarks regarding the foreclosure of a farm owned by a white farmer.
2010-07-20