origination

Rising Expenses Cut Into Wells Fargo's Outlook

Wells Fargo's stock dropped by about 5% after it announced its earnings last month, due to lower than expected home mortgage originations. While rising interest rates could be one factor, non-interest expenses were up by $616 million from a year ago. If those expenses stay that high, Trefis will be cutting its target for the stock.

Putting Consumer Debt Into a Bigger Perpsective

Before the Great Recession, U.S. consumer debt had risen fairly steadily for more than a decade. With the downturn, it finally dropped...until December's small rise. However, a longer look at the trend of ever-rising debt shows that America is still extraordinarily overextended.