Wells Fargo Reports lower GOS and Origination Volume in Q4

HousingWire, Jan. 14, 2022–Maria Volkova
Wells Fargo originated $48.1 billion worth of mortgages in the fourth quarter, down from $51.9 billion in the previous quarter. The bank’s mortgage lending gain on sale margin tumbled from 204.5 basis points in the third quarter to 162.16 basis points in the fourth quarter.