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Wells Fargo to lay off 1,800 mortgage employees – Tim Sloan, Wells Fargo’s chief financial officer, had warned earlier this month that the bank may have to cut jobs if mortgage demand weakens. Sloan blamed a spike in interest rates over the summer.
Wells Fargo Profit Meets Estimates as Mortgage Revenue Drops – wells. bloomberg. chief executive officer John Stumpf, 61, faces slackening demand for mortgages as the housing market shifts away from a refinancing boom that propelled profits in earlier years..
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Wells Fargo dissolves mortgage joint venture – Wells Fargo is the largest home lender to survive the nation’s mortgage industry meltdown, and has been getting a lot of business as low interest rates propelled people to refinance their home loans..
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Refinance Mortgage Interest Rate – Wells Fargo – APR and Fees: The APR for a Wells Fargo Home Equity Line of Credit is variable and based on the highest prime rate published in the Western edition of The Wall Street Journal "Money Rates" table (called the "Index") plus a margin. The index as of the last change date of December 20, 2018, is 5.50%.
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