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.
Ariake Sushi and Robata opened; Great Southern Bancorp Inc. (Nasdaq: GSBC) opened its newest branch in Springfield; and a longtime employee with City Utilities of Springfield went into business for himself with the launch of Van Every Drafting & Design LLC.