Wells Fargo & Co (NYSE:WFC) forecasts a slowdown in its mortgage origination business this quarter, with rising interest rates eating into demand for mortgage originations.
Wells Fargo & Co (NYSE:WFC)’s chief financial officer Tim Sloan pointed out slowing mortgage originations since May, thanks to spikes in interest rates over summer.
Wells Fargo shows lowest originations in two years
Wells Fargo & Co (NYSE:WFC) is the country’s largest mortgage originator and the bank is considered...
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