Pimco Says Wells Fargo Not to Blame for Record Mortgage Share

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Pimco Says Wells Fargo Not to Blame for Record Mortgage Share

WFC

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - May 07, 03:32PM from (www.bloomberg.com)

Wells Fargo & Co. (WFC), the largest U.S. home lender, has seen its market share surpassing records because of retreats by its rivals, not its own actions, according to Pacific Investment Management Co.’s Scott Simon.
“It’s not Wells Fargo’s fault they got so big,” Simon, the mortgage-debt h...

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