In the third quarter of 2013, Wells Fargo sold a mere $8.4 billion in residential mortgages to Freddie Mac, a 71.3 percent plunge in volume from the second quarter, and a figure that represents just 17 percent of what the nation’s largest lender sold to Fannie Mae. Analysts that closely follow Wells Fargo believe that the megabank’s switch in secondary market strategy was simply a matter of money, as securitizing through Fannie was more profitable than sending most of its business to Freddie, as it traditionally has. Moshe Orenbuch, an analyst and managing director at Credit Suisse, noted...