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August 16, 2022

Newsfeed: Wells Fargo eyes ‘dramatically smaller’ mortgage origination market as it weighs the size of its business

Newsfeed: Wells Fargo eyes ‘dramatically smaller’ mortgage origination market as it weighs the size of its business

All Posts, Featured, Newsfeed /

Wells Fargo & Co. said it’s weighing the size of its mortgage business in the face of a “dramatically smaller originations market” as home buyers retreat from higher interest rates and lending capital grows more scarce.

Newsfeed: Wells Fargo eyes ‘dramatically smaller’ mortgage origination market as it weighs the size of its business Read More »

Newsfeed: Record Number Of Homebuyers Walk Away From Contracts As Builders Reel Amid Glut Of Unsold Houses

Newsfeed: Record Number Of Homebuyers Walk Away From Contracts As Builders Reel Amid Glut Of Unsold Houses

All Posts, Featured, Newsfeed /

The housing market is slowing as higher mortgage rates sideline many prospective homebuyers. With competition declining, the house hunters who are still in the market are enjoying newfound bargaining power, a striking contrast from just a few months ago, when buyers often had to pull out every stop in order to win.

Newsfeed: Record Number Of Homebuyers Walk Away From Contracts As Builders Reel Amid Glut Of Unsold Houses Read More »

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