Wells Fargo introduces changes for home loans in diverse communities
Its new focus also seeks to offer less complex procedures.
Source: aldianews.com
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Its new focus also seeks to offer less complex procedures.
Markets rallied sharply on Wednesday, but the outlook still is cloudy for companies with exposure to residential real estate.
Wells Fargo says it's pulling back on its mortgage lending and servicing business as rising interest rates have slowed home purchases.
Wells Fargo says it's pulling back on its mortgage lending and servicing business after paying a record fine.
Banking giant shrinks mortgage business to "reduce risk" and "narrow focus" on consumer and minority lending