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Wells Fargo Announces Strategic Direction for Home Lending: A Smaller, Less Complex Business Focused on Bank Customers and Minority Communities

Wells Fargo Announces Strategic Direction for Home Lending: A Smaller, Less Complex Business Focused on Bank Customers and Minority Communities
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Wells Fargo To Exit Correspondent Business

SAN FRANCISCO (dpa-AFX) - Wells Fargo (WFC) Tuesday revealed that it is exiting the correspondent business and plans to reduce the size of its servicing portfolio. The company says the decision

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