Banking

April 11, 2014 8:13 AM

Wells Fargo expects mortgage turnaround

For a year now, Wells Fargo has been originating fewer and fewer mortgages even as it posts record earnings. But as the economy improves, executives at the San Francisco bank said Friday they believe the home-loans business will turn around this spring. CEO John Stumpf said he’s seen signs that a resurgence in mortgage demand could be coming soon.

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