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Wells Fargo earnings down 48% YOY, BofA down 32.6%.
Confidence, sales and HMI points all plummeted during the month of July.
One lawsuit dismissed, another allowed to move forward on limited grounds
Kleber Santos appointment comes as bank faces major financial pressures.
NAHB/Wells Fargo Housing Market Index fell two points in June to 67, the lowest HMI reading since June 2020.
Wells Fargo has been cracking down on loan officers in the past few weeks over allegations of widespread abuse of appraisal waivers in the past two years.
