Wells Fargo Consumer Lending review explained by professional forex trading experts, All you need to know about WellsFargo Consumer Lending, For more information about WellsFargo Bank you can also visit Wells Fargo review by ForexSQ.com forex trading website, The TopForexBrokers.com ratings forex brokers, or Fxstay.com currency trading investing company and get all information you need to know about the Wells Fargo Online Banking.
What is Wells Fargo Consumer Lending
As of Q3 2011, Wells Fargo Home Mortgage was the largest retail mortgage lender in the United States, originating one out of every four home loans. Wells Fargo services $1.8 trillion in home mortgages, the second largest servicing portfolio in the U.S. It was reported in 2012 Wells Fargo reached 30% market share for US mortgages, however, the then-CEO John Stumpf had said the numbers were misleading because about half of that share represented the aggregation of smaller loans that were then sold on in the secondary market. In 2013, its share was closer to 22%; of which eight percentage points was aggregation.
Wells Fargo Consumer Lending Conclusion
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