In January, total home sales came in at 4.7 million. That level is “only modestly above the weak rate experienced in the wake of the Great Recession between 2008 and 2010,” Wells Fargo ...

Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on ...

Wells Fargo (NMLS #399801), one of the biggest financial services companies in the country, provides home purchase and refinance loans in all 50 states. You can check rates online and then apply ...

Wells Fargo is cutting back on its once-mammoth mortgage-lending business as it weathers a downtown in the US housing market and sustained scrutiny from federal regulators. The San Francisco-based ...

Wells Fargo is scaling back on its mortgage lending business, and instead will focus on serving minorities, the company said in a press release Tuesday. AFP via Getty Images ...

So Wells Fargo isn’t the only one muscling its customers. But its status as the country’s largest residential mortgage servicer gives it ample opportunity to exploit this captive market.

Wells Fargo has been cutting jobs within its home lending operations, Insider has learned. Mortgage revenues at Wells fell 33% from the first quarter of 2021 to 2022, the bank reported in April.

Wells Fargo’s letter didn’t explain how it determined Christian was due only $15,000. She sold the home for $135,000 in 2013; Redfin now estimates it is worth about $250,000.

Five years later, Wells Fargo admits it made a mistake. Christian, 46, qualified for the kind of mortgage help that may have saved her home after all.