Wells Fargo Exiting Correspondent Lending & Reducing Servicing
Bank announces strategic plans to 'create a more focused home lending business.'
Bank announces strategic plans to 'create a more focused home lending business.'
CFPB found the bank engaged in illegal practices on mortgage and car loans
NAHB says the percentage offering deals remains below 2008 levels.
Kristy Fercho has been company’s head of Home Lending since 2020.
The bank confirmed on Monday that they are being investigated by the U.S. Securities and Exchange Commission.
NAHB/Wells Fargo Housing Market Index falls 8 points; MBA says new home purchase applications fell 13.2%.
Hurt by operating losses due to legal & regulatory issues, and by falling mortgage originations.