Wells Fargo reports home loan originations fell to $80B in Q3

October 11, 2013

Reports Q3 home lending originations of $80B, compared with $112B in prior quarter, and applications of $87B, compared with $146B in prior quarter. Reports application pipeline of $35B at quarter end, compared with $63B at June 30. The company said, “This was a solid quarter for Wells Fargo. As expected, mortgage banking revenue was lower in the quarter as the recent increases in interest rates reduced refinance volume, but this impact was partially offset by improved credit and lower expenses."