Insight: Wells Fargo's Mushrooming Mortgage Risk

Wells Fargo

WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust.

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  • INSIGHT-Wells Fargo’s mushrooming mortgage risk
    The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust…
    06/24/2012 - 11:29 am | View Link
  • Insight: Wells Fargo's mushrooming mortgage risk
    One out of every three home loans in the United States is now funded by Wells Fargo & Co, whose mortgage operation sits in a business park next door to a country club on the outskirts of Iowa's capital city. Wells Fargo scaled back its subprime lending in ...
    06/22/2012 - 10:31 am | View Link
  • Insight: Wells Fargo's mushrooming mortgage risk
    WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust.
    06/22/2012 - 9:16 am | View Link
  • Insight: Wells Fargo's mushrooming mortgage risk
    WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust.
    06/22/2012 - 9:03 am | View Link
  • Insight: Wells Fargo's mushrooming mortgage risk
    It is also developing new systems for underwriting. So far, that investment is paying off. In the first quarter, Wells Fargo's mortgage income climbed 42 percent to $2.9 billion from a year earlier, about one-fourth of the bank's fee income. Analysts ...
    06/21/2012 - 1:00 pm | View Link
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