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Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
People who don't qualify for traditional mortgages can get "unconventional" loans. But what if the economy slips?
It’s been a year of transition for Wells Fargo after a series of scandals in its consumer banking business. The company’s paid billions of dollars in penalties and just announced it’s cutting 900 jobs in its mortgage division. The job cuts are part of a big restructuring plan the bank announced back in September, with […]