Sign of the times.
If you are a Wells Fargo customer
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If walk into a Wells Fargo bank and ask for a mortgage they won’t say “NO go somewhere else,” but they announced they are done competing, done trying and they are shuttering entire sectors of mortgage-related operations.
From the article
Wells Fargo took pride in its vast share in home loans — it was the country’s top lender as recently as 2019 when it had $201.8 billion in volume, according to industry newsletter Inside Mortgage Finance. . . .
Now, as a result of this and other changes that Scharf is making, including pushing for more revenue from investment banking and credit cards, Wells Fargo will more closely resemble megabank rivals Bank of America
and JPMorgan Chase.Both companies ceded mortgage share after the 2008 financial crisis.
https://www.cnbc.com/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html
