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Tag: Wells Fargo’s mortgage

Capital and Risk, Credit

Wells Fargo narrows its racial gap in mortgage refinancing

March 28, 2022

Via: Banking Dive

Wells Fargo trails, by 15 percentage points, the industrywide average acceptance rate for Black borrowers looking to refinance their mortgages, according to the Bloomberg analysis. Lenders overall approved 73% of applications from Black homeowners, compared with 78% from Hispanic borrowers […]