Jan

Wells Fargo Isn’t Ready to Cede Mortgage Crown to Quicken

‘We want to be No. 1 regardless,’ of competition, CFO says
Profit margins on new mortgages to fall during first quarter

Wells Fargo & Co. isn’t giving up its mortgage-lending crown without a fight.

The bank wants to hold on to its top spot as the whale of the $1.7 billion industry in the U.S., even as it predicts profit margins on making home loans will shrink this year and it faces pressure from rival Quicken Loans Inc...

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Wells Fargo Isn’t Ready to Cede Mortgage Crown to Quicken

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