Nonbank Servicers Rack up Gains, Wells Fargo Falls Back to Earth

Inside Mortgage Finance, Feb. 3, 2022–John Bancroft
Wells Fargo reported a 2.5% decline in owned servicing during the fourth quarter of 2021, sawing off its portfolio down to $991.48 billion. That’s the lowest level for the megabank since 2004, when Wells reported $782.38 billion and ran second to Countrywide Financial.