Wells Fargo Isn’t Ready to Cede Mortgage Crown to Quicken

  • ‘We want to be No. 1 regardless,’ of competition, CFO says
  • Profit margins on new mortgages to fall during first quarter

Wells Fargo & Co. isn’t giving up its mortgage-lending crown without a fight.

The bank wants to hold on to its top spot as the whale of the $1.7 billion industry in the U.S., even as it predicts profit margins on making home loans will shrink this year and it faces pressure from rival Quicken Loans Inc...
Categories : Finance

Leave a Reply

You must be logged in to post a comment.