Wells Fargo Stepping Back

Wells Fargo Stepping Back

  • Spencer Hsu
  • 01/12/23

 

πŸ’Έ Wells Fargo is making a big move in the mortgage industry by stepping back from being one of the largest lending companies in the country.

Many of you may be wondering why πŸ€” this change is happening. To put it simply, Wells Fargo has not been competitive in conforming loans for some time now.

They've decided to focus on jumbo loans over a million dollars πŸ’° and leave the competitive world of conforming loans behind.

🏑 So, if you're in the market for a big loan, Wells Fargo is still a great option. But, for those of you looking for a smaller loan, it's best to go with a mortgage broker or smaller bank. βœ… Follow me so you won’t miss out on future market tips and news!

#WellsFargo #mortgageloans #jumboloans #moneymoves

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