(Bloomberg) -- Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation.

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 ...

Bank execs reject reports of plans to abandon the sector. Wells Fargo has no intention of abandoning the corresponding lending sector, company executives say. Reacting to reports that suggest the ...

NEW YORK -- Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant.

Wells Fargo is one of the largest mortgage lenders in the country — but perhaps not for much longer. On Tuesday, the bank announced it will step back from the home lending business, a move that could ...

Wells Fargo‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, ...

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Wells Fargo & Co., the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. “The ...

Wells Fargo is being accused of racial discrimination yet again, this time concerning an industrywide probe into its use of loan discounts Wells Fargo is being accused of racial discrimination yet ...

Beset by scandal and a market shift, one of the country’s leading mortgage players is planning on reducing its activities in the space. Wells Fargo is planning on pulling back its mortgage business, ...

Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the U.S. and for a time made the bank the most valuable in the nation. No longer ...