YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Report: Wells Fargo to retreat from mortgage business

Posted online

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.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
PBA tourney puts spotlight on Springfield

Tournament hosts say nationally televised PBA event puts area bowling on the map.

Most Read
SBJ.net Poll
How should the city's final ARPA funds be spent?

*

View results

Update cookies preferences