Relevant:
- Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone
- Wells Fargo Earnings Miss on Mortgage Rate Rise, Ending 17-Quarter Run
- Wells Fargo woes show breadth of mortgage meltdown
- Wells Fargo earnings fall 11 percent on rising loss reserves
- Wells Fargo in $591 million deal with Fannie Mae
2008-01-17 — housingwire.com
'“The majority of the increase in nonperforming assets was concentrated in the first mortgage loan portfolio ($132 million in Wells Fargo Home Mortgage and $230 million in Wells Fargo Financial real estate) and was due to the national rise in foreclosure rates,†said chief credit officer Mike Loughlin.'
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