Wells Fargo Exiting Correspondent Mortgage Lending Business
Executives hope to reduce risk by reducing the size and narrowing the focus of mortgage business to better serve retail customers and minority communities.
Source: inman.com
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Wells Fargo pulls out of correspondent lending
The company will also be reducing its servicing portfolio.
Source: nationalmortgagenews.com
Wells Fargo pares back mortgage operations to focus on existing customers (NYSE:WFC)
As interest rates rise and demand for mortgages declines, Wells Fargo (WFC) said Tuesday it will exit the Correspondent business and reduce the size of its Servicing portfolio in order...
Source: seekingalpha.com
Wells Fargo closes correspondent biz, will shrink servicing portfolio
Wells Fargo is exiting the correspondent mortgage channel and shrinking its servicing portfolio, the bank announced on Tuesday.
Source: housingwire.com
Wells Fargo Announces Large-Scale Withdrawal From Mortgage Market
A long-expected move, the bank appears to have abandoned its once lofty position in the home lending sector.
Source: rismedia.com