Wells Fargo Anticipates Drop In Mortgage Origination Business – ValueWalk Premium
wells fargo

Wells Fargo Anticipates Drop In Mortgage Origination Business

Wells Fargo & Co (NYSE:WFC) forecasts a slowdown in its mortgage origination business this quarter, with rising interest rates eating into demand for mortgage originations.

Wells Fargo & Co (NYSE:WFC)’s chief financial officer Tim Sloan pointed out slowing mortgage originations since May, thanks to spikes in interest rates over summer.

Wells Fargo shows lowest originations in two years

Wells Fargo & Co (NYSE:WFC) is . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
Subscribe Now