Wells is the largest U.S. mortgage lender, and investors have been concerned lately about whether the bank can sustain profits spurred by a boom in mortgage refinancings at low interest rates.
Sloan reiterated that the bank still has a “good opportunity” to refinance eligible homeowners in its $1.9 trillion mortgage servicing portfolio. The bank also has experience in cutting costs when mortgage volume drops off, he said.
Wells Fargo mortgage lending volume remains sluggish
Most Popular Articles
Latest Articles
NAR board votes to leave dues unchanged in 2025
NAR’s board of directors voted to leave membership dues unchanged and amend its code of ethics at its annual legislative meeting.
-
Ahead of trial date in HMDA case, Freedom Mortgage and CFPB face hurdles
-
Investment property lender Kiavi closes $300M securitization
-
Valverde appointed acting president of Ginnie Mae
-
Texas-based independent brokerage joins The Real Brokerage
-
Realtor.com CEO Damian Eales: CoStar is lying about being the No. 2 portal