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BRIEF-Wells Fargo CFO says new mortgage rules are "constraining factor"
June 10, 2014 / 2:35 PM / 3 years ago

BRIEF-Wells Fargo CFO says new mortgage rules are "constraining factor"

June 10 (Reuters) - Wells Fargo & Co chief financial officer John Shrewsberry said at an investor conference on Tuesday: * new mortgage rules are “constraining factor” for less creditworthy

borrowers * qualified mortgage rule will likely not affect overall production

volume * Wells Fargo’s decision to ease standards on government-backed mortgages will have little effect on overall volumes

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