Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank’s home loan business.
Source: Inman News
Wells Fargo reportedly eyeing ‘major retreat’ from mortgage
Published in Charlie Scharf, correspondent lending, loanDepot, Mortgage, Rocket Mortage, Select, wells fargo and wholesale lending
More from Charlie ScharfMore posts in Charlie Scharf »
More from correspondent lendingMore posts in correspondent lending »
More from loanDepotMore posts in loanDepot »
- LoanDepot boosts revenue, sells servicing to restructure debt
- To mortgage or not to mortgage? That is the question (for brokers)
- Affordability: It’s not just high mortgage rates and home prices
- Here’s who sank and who soared in Q1 2024 earnings
- January cyberattack a $37M weight on loanDepot Q1 2024 results
More from MortgageMore posts in Mortgage »
- Weak jobs report drags down stock indexes — and mortgage rates
- City National revamps mortgage after redlining settlement
- As Americans struggle with rates, inventory, Japan sees the opposite
- Mortgage rates are tumbling again as job openings hit 18-month low
- Data points to another mortgage boom if rates continue to tumble
More from Rocket MortageMore posts in Rocket Mortage »
More from SelectMore posts in Select »
- NAR vows to take its DOJ beef all the way to the top: The Download
- Weak jobs report drags down stock indexes — and mortgage rates
- Maryland- and Canada-based real estate teams join eXp Realty
- Navigating economic turbulence to elevate your real estate career
- Properly position homebuyers with this winning 5-part offer strategy
More from wells fargoMore posts in wells fargo »
- Setpoint lands $31B in Series B funding led by 645 Ventures
- Are renters beating the system with Bilt Mastercard rewards card?
- Wells Fargo providing $10K in down payment assistance in 8 metros
- Texas surged during COVID. Now, its luxury markets are being tested
- US Bank, UWM join movement to boost minority lending
More from wholesale lendingMore posts in wholesale lending »
Be First to Comment