Wells To Pull Out Of Mortgage-Lending Joint Ventures

29 Jul 2013

Wells Fargo has announced that its Wells Fargo Ventures subsidiary plans to withdraw from its eight mortgage-lending joint ventures over the next 12 to 18 months, and will cut some 300 jobs as a result of stricter state and federal regulatory oversight.

Wells Fargo has announced that its Wells Fargo Ventures subsidiary plans to withdraw from its eight mortgage-lending joint ventures over the next 12 to 18 months, and will cut some 300 jobs as a result of stricter state and federal regulatory oversight.

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