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Home » Store » Inside Mortgage Finance » Wells Sends Mixed Signals on Jumbo IOs

Wells Sends Mixed Signals on Jumbo IOs

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Inside Mortgage Finance

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John Shrewsberry, CFO of Wells Fargo, told the bank’s investors last week that Wells is taking some steps to boost mortgage originations, including an emphasis on interest-only loans. “We are making some modest changes to generate new loan originations, including offering interest-only jumbo mortgage loans to high quality borrowers ...,” Shrewsberry said during Wells’ earnings call. However, when asked for further details, Tom Goyda, a spokesperson for Wells, downplayed ...
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