``Wells Fargo generated $1.6 billion in mortgage noninterest income during the third quarter, compared with $2.8 billion in the year-ago quarter. Mortgage originations totaled $80 billion in this year's third quarter compared with $112 billion a year ago, Wells reported.

Concerns about the mortgage business caused the bank's shares to plunge in early trading, but they rallied to close down just a penny at $41.43 on Friday.''

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