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Article: Wells Fargo Says as National Bank It Is Licensed, Regulated by Federal Government Not States; Wells Fargo Home Mortgage CEO Pete Wissinger: 'We Want to Be Clear It Makes No Difference to Our Customers Whether We Have or Don't Have California Mortgage Licenses'.
- Article from:
- PR Newswire
- Article date:
- May 2, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wells Fargo Home Mortgage, Inc. said today that the California Department of Corporations' (DOC) revocation of its state mortgage licenses will not affect its customers or the company's ability to continue providing full service to its California mortgage loan customers.
"We want to be clear it makes no difference to our customers whether we have or don't have California mortgage licenses because we are a subsidiary of a national bank operating under a charter issued by the federal government, not by state government," said Pete Wissinger, CEO of Wells Fargo Home Mortgage. "Our customers and team members can feel confident that Wells Fargo will continue to ...