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Springfield, MO
Wells Fargo & Co. is planning a retreat from its mortgage business, people familiar with the matter told Bloomberg.
The sources said the shrinking of the company's mortgage business likely would start with outside firms that generated a third of its $205 billion in new home loans during 2021.
The move comes amid executive changes and attempts to avoid regulatory probes, according to the report.
Read more from Bloomberg.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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