Wells Fargo Tells New Clients They Need $1 Million in Balances for Certain Mortgage Refinancings

CNBC, July 9, 2020–Hugh Son
The move shows how Wells Fargo, the largest U.S. mortgage lender, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.
https://www.cnbc.com/2020/07/09/wells-fargo-mortgages-bank-tells-new-clients-they-need-1-million-to-qualify-for-jumbo-refi.html