From HW Magazine
Wells Fargo: time to head for the exits?
The bank rode refis to new heights, but it's unclear where the next step will be
Now is about the death of the mortgage refinancing business, a huge driver of Wells Fargo’s revenues in the post-crisis period; in fact, Wells Fargo had surpassed Bank of America to become America’s lender, funding more mortgage volume than any other large commercial bank in the country in 2012 and 2013. With the refi boom now over, what’s next?