Pennymac looks to capitalize on Wells Fargo’s correspondent exit
Pennymac looks to capitalize on Wells Fargo’s correspondent exit
Pennymac aims to expand its client base in the bank and credit union segment and review opportunities to offer jumbo loans.
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Wells Fargo's rumored exit from the correspondent lending channel could benefit nonbank rivals, such as Pennymac, Rocket Mortgage and Amerihome.
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The post Who’s positioned to capitalize on Wells Fargo’s mortgage retreat appeared first on HousingWire.
Wells Fargo's mortgage business is expected to decline nearly 50% in Q2, it said. The lender already is shrinking its home lending footprint.
The post Wells Fargo’s rapidly shrinking mortgage business appeared first on HousingWire.
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The post Wells Fargo’s rapidly shrinking mortgage business appeared first on HousingWire.
Wells Fargo is planning for a smaller footprint in correspondent lending and third-party servicing business.
The post Wells Fargo to shutter correspondent lending? appeared first on HousingWire.
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The post Wells Fargo to shutter correspondent lending? appeared first on HousingWire.
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A lawsuit accusing Wells Fargo of discriminating against Black borrowers seeking refinances will move forward after a federal judge this week rejected the bank’s argument to toss the case. Wells, facing five similar discrimination suits, sought to dismiss the complaint brought in March by plaintiff Aaron Braxton filed in the U.S. District Court for the Northern District of California. It also asked for Braxton’s case to be postponed pending the outcome of plaintiff Christopher Williams’ ...
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