Wells Fargo, once the No. 1 mortgage lender, pulls out of the real estate market
Charles Scharf, chief executive of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, DC, U.S., Tuesday, March 10, 2020. Andre Harrer | Bloomberg | Getty Images Wells Fargo is pulling out of the multi-trillion dollar market for US mortgages amid regulatory pressure and the impact of rising interest rates. …
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