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Wells Fargo to Exit Wholesale Channel After Fair-Lending Accord

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Mortgage Professional America | 13 Jul 2012, 11:54 AM Agree 0
(Bloomberg) -- Wells Fargo & Co., the largest U.S. mortgage lender, said it will stop funding mortgages originated and sold by independent mortgage brokers after settling a federal fair-lending investigation.
  • Jason | | 13 Jul 2012, 12:16 PM Agree 0
    I think it's interesting that Wells Fargo seems to be blaming the settlement they got hit with on independent mortgage brokers; at least that's the impression they're giving. Maybe they should have taken a better look at the banks they purchased first.
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