Report: Wells Fargo to Sell San Francisco Office Tower at Severe Discount

Wells Fargo, the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I can’t provide any specifics but […]

At two top-five depository mortgage lenders, Wells Fargo and JPMorgan Chase, the third quarter of 2023 earnings reflected different strategies in the mortgage space. During Q3, Wells Fargo faced the consequences of exiting the correspondent lending channel […]

Pennymac, the country’s largest correspondent lender with about 14% market share, has its eyes fixed on absorbing origination volume that Wells Fargo is leaving behind in the correspondent channel. The California-based lender plans to increase […]