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Financial Services and Real Estate Headlines

MOVES-Wells Fargo names new head of mortgage

Wells Fargo & Co said on Thursday it has hired Flagstar Bank's Kristy Fercho to run its mortgage division following the retirement of 23-year veteran Michael DeVito from the company.

U.S. stock funds see first inflow in four weeks -Lipper

U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion come in, the first inflow in eight weeks, Lipper data showed on Thursday. (Reporting by Alden Bentley; Editing by Tom Brown)

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