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Enterprise Information Roundup, June 1

Mortgages

A weak yr

at Wells Fargo

It’s a tough yr for mortgage charges, in response to the largest U.S. house lender.

Margins will proceed to slim as banks and new opponents combat over a smaller pie, Wells Fargo CEO Tim Sloan mentioned Thursday at an investor convention in New York. The scandal-plagued San Francisco financial institution’s income from home-loan originations and gross sales dropped 43 % within the first quarter.

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