Purchase Mortgage Business Doing OK
Wells Fargo's recent earnings report was a good excuse for a quick SWOT - Strengths, Weaknesses, Opportunities and Threats - analysis.
Since Wells is the nations leading mortgage lender, it's also a good chance to see how that business is doing. Higher rates have crimped refinance activity, but the purchase mortgage business is holding up ok, at least so far.
Fool on! Russ
Disclosure: Long WFC