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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    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 ...
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  • 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 ...
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    06/22/2012 - 9:33 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 - 9:20 am | View Link
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