YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Wells Fargo & Co. is planning a retreat from its mortgage business, people familiar with the matter told Bloomberg.
The sources said the shrinking of the company's mortgage business likely would start with outside firms that generated a third of its $205 billion in new home loans during 2021.
The move comes amid executive changes and attempts to avoid regulatory probes, according to the report.
Read more from Bloomberg.
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