Santander to Quit U.S. Mortgage Lending Biz

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

Estimated reading time: 0 minutes, 18 seconds

Friday, Feb 04 2022

Written by The Mortgage Leader

Santander has announced that it will end its home lending business in the U.S. market. So reports Banking Dive.

Santander In a presentation to investors, the Spanish bank said it plans to concentrate on higher-margin areas like auto loans.

Tim Wennes, Santander’s U.S. CEO, said the bank’s mortgage portfolios lacked sufficient scale.

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