Wells Fargo Downsizing Mortgage Business As Pandemic High Wears Off
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Wells Fargo Downsizing Mortgage Business As Pandemic High Wears Off

ByTMN Editor Reading Time: 4 minutes

By TYRONE TOWNSEND and KIMBERLEY HAAS Wells Fargo leadership has laid off employees in a move that is being blamed on a dramatically smaller originations market. In a statement to The Mortgage Note, Spokesperson Jennifer Langan said the latest Mortgage Bankers Association forecast has total originations for 2022 at $2.4T, down 40% year-over-year, with refinances…

Bad Behavior In Lending: Sham Job Interviews, “Rampant” Fraud
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Bad Behavior In Lending: Sham Job Interviews, “Rampant” Fraud

ByTMN Editor Reading Time: 5 minutes

By CHUCK GREEN Alleged bad behavior and fraudulent activity in the mortgage industry have made news headlines in recent years and despite attempts to get lending leaders to shape up their ships, at least one person who reports on these issues says problems are common, even “rampant.” One of the most recent examples of these…

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