Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets.
Source: Inman News
Wells Fargo free to grow again after Fed lifts $1.95T asset cap
Published in AI, Asset Cap, Charlie Scharf, Consumer Financial Protection Bureau, cross-selling, digital banking, federal reserve, Federal Reserve Board, inman connect, jumbo mortgages, Michael Barr, Mortgage, mortgage originations, OCC, Office of the Comptroller of the Currency, Quicken Loans, Regulations, risk management, Rocket Mortgage, san diego, Select, uwm and wells fargo
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