Wells Fargo Consumer Lending Group review explained by ForexSQ professional online banking experts, All you need to know about Wells Fargo Bank Consumer Lending news, For more information about Wells... more" />

Wells Fargo Consumer Lending Group

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Wells Fargo Consumer Lending Group

As of Q3 2011, Wells Fargo Home Mortgage was the largest retail mortgage lender in the United States, originating one out of every four home loans. Wells Fargo services $1.8 trillion in home mortgages, the second largest servicing portfolio in the U.S. It was reported in 2012 Wells Fargo reached 30% market share for US mortgages, however, the then-CEO John Stumpf had said the numbers were misleading because about half of that share represented the aggregation of smaller loans that were then sold on in the secondary market. In 2013, its share was closer to 22%; of which eight percentage points was aggregation.

Wells Fargo Consumer Lending Group Conclusion

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