Wells Fargo

Wells Fargo has announced plans to divest the majority of its commercial mortgage servicing business, transferring it to global loan servicing firm Trimont, according to a statement released Tuesday. This move will position Trimont as the largest loan servicer in the U.S., based on rankings from the Mortgage Bankers Association. The transaction, which is expected…

Wells Fargo recently terminated over a dozen employees accused of falsifying keyboard activity to create the illusion of working, according to a disclosure made to the Financial Industry Regulatory Authority and reported by Bloomberg. CNN confirmed the firings, which followed an investigation into allegations that some staff used methods to simulate active work. During the…