Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings

Article Link: Wells Fargo tells new clients they need million in balances for certain mortgage refinancings

The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.

Source: CNN Investing