0 minute readWells is the largest U.S. mortgage lender, and investors have been concerned lately about whether the bank can sustain profits spurred by a boom in mortgage refinancings at low interest rates.
Sloan reiterated that the bank still has a “good opportunity” to refinance eligible homeowners in its $1.9 trillion mortgage servicing portfolio. The bank also has experience in cutting costs when mortgage volume drops off, he said.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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