GREY:ANSBF - Post by User
Post by
PAGODA5on Apr 14, 2013 3:15pm
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Post# 21252418
Wells Fargo
Wells Fargo Wells had a decline in their mortagage business last quarter. Will be interesting to see how this hits the home building stocks and ANS on Monday. Wells is usually a good mortgage bellwether.
The bank made $109 billion in home loans during the quarter, down from $129 billion in the same quarter a year ago and less than the $125 billion in loans extended in the fourth quarter. Fees from mortgages dropped 2 percent to $2.8 billion from a year earlier, and were down 9 percent from the fourth quarter.