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Loan Modification

: Mortgage Lender Implode-o-Meter

Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone

By Implode-Explode Heavy Industries

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"Wells Fargo & Company (NYSE: WFC) today announced the restructuring of its Wells Fargo Financial division, including closing its 638 Wells Fargo Financial stores across the U.S. and exiting the origination of non-prime portfolio mortgage loans. The remaining consumer and commercial loan products offered through Wells Fargo Financial will be realigned with those offered by other Wells Fargo business units and will be available through Wells Fargo?s expanded network of community banking and home mortgage stores, now the nation?s largest.

Full post as published by Mortgage Lender Implode-o-Meter on July 07, 2010 (boomark / email).

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