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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.

Kleber santosKristy ferchoConsumer financial protection bureauPurpose credit programWells fargoNational urban leagueConsumer lendingConsumer financial protectionHome lending businessHome lendingDiverse segmentsSpecial purpose credit program

Report: Wells Fargo Plans to Shrink Mortgage Business

In the wake of an unrelenting series of scandals, the bank may be rethinking the scale of its home lending.In the wake of an unrelenting series of scandals, the bank may be rethinking the scale of its home lending.

John stumpfKristy ferchoCharlie scharfConsumer lending communications tom goydaMortgage bankers associationWells fargoBloomberg newsHome lending businessBusiness insider

Wells Fargo to shutter correspondent lending?

Wells Fargo is planning for a smaller footprint in correspondent lending and third-party servicing business.

United statesTom goydaCharlie scharfHousing administrationWells fargoFederal housing administrationHome lending businessRocket mortgageInside mortgage

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