Wells Fargo Reduces Mortgage Products Amid Coronavirus Outbreak

Reuters, Apr. 6, 2020–Imani Moise
Wells Fargo & Co, the largest U.S. mortgage lender, is offering fewer home loan products during the coronavirus-fueled economic downturn, a spokesman said on Monday. The bank has paused many kinds of loans including cash-out refinance loans, most home equity loans above $250,000 and riskier non-conforming purchase loans.