Property News · July 9, 2020

Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings


The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.

Source : cnbc.com
Read more…Wells Fargo tells new clients they need million in balances for certain mortgage refinancings