Estimated reading time: 0 minutes, 23 seconds

Wells Fargo Eyes Retreat from Mortgage Business

Wells Fargo is looking to cut back its sprawling mortgage operations. So reports Bloomberg.

wells fargo 150x150The retreat will likely begin with the bank’s links to outside mortgage firms that accounted for about a third of its new home loans in 2021, sources told the news service.

“Like others in the industry, we’re evaluating the size of our mortgage business to adapt to a dramatically smaller originations market,” Wells Fargo said in a statement.

Read the full article from Bloomberg.

Read 269 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.