Who’s positioned to capitalize on Wells Fargo’s mortgage retreat
Housing Wire
AUGUST 16, 2022
The fate of Wells Fargo & Co. ’s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. Shortly after that story went live, analysts at Keefe, Bruyette & Woods (KBW) published a report stating that if Wells does exit the correspondent lending market, it “would meaningfully reduce the companyR
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