Wells Fargo Anticipates Drop In Mortgage Origination Business – ValueWalk Premium
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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 . . .

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