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Wells Fargo Steps Back
Motley Fool Money
Is Wells Fargo Exiting the Mortgage Business?
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Wells Fargo is taking a step back from the mortgage business. The bank's net gains on loan originations were almost 3.9 billion in 2021. That plummeted to just under 900 million, same period this year. If we see interest rates drop again and stay down, my money is them stepping back into the mortgage market.
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