Wells Fargo is cutting back on its once-mammoth mortgage-lending business as it weathers a downtown in the US housing market and sustained scrutiny from federal regulators. The San Francisco-based ...

Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about ...

(Bloomberg) -- Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation.

NEW YORK -- Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant.

Wells Fargo is one of the largest mortgage lenders in the country — but perhaps not for much longer. On Tuesday, the bank announced it will step back from the home lending business, a move that could ...

Two years ago, the mortgage business was booming, and that was good news for banks like Wells Fargo. Interest rates hovered near zero and home loans were a bargain. Many consumers bought new property, ...

Bank execs reject reports of plans to abandon the sector. Wells Fargo has no intention of abandoning the corresponding lending sector, company executives say. Reacting to reports that suggest the ...

Wells Fargo is being accused of racial discrimination yet again, this time concerning an industrywide probe into its use of loan discounts Wells Fargo is being accused of racial discrimination yet ...

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Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the U.S. and for a time made the bank the most valuable in the nation. No longer ...