Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last? JPMorgan Chase and Wells Fargo are starting to feel the... Read more »
In January 2023, Wells Fargo announced the decision to exit the correspondent business, and originations through the channel declined to $1.1 billion for the year from $44 billion in 2022. But the... Read more »
Mortgage giant Mr. Cooper Group has named Mike Weinbach, a former Wells Fargo and JPMorgan Chase executive, as its new president. He will succeed Chris Marshall, who is retiring at the end of 2024 but will assist... Read more »