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Santander to Quit U.S. Mortgage Lending Biz

Friday, Feb 04 2022
Lending
Written by  The Mortgage Leader

Santander has announced that it will end its home lending business in the U.S. market. So reports Banking Dive.

SantanderIn a presentation to investors, the Spanish bank said it plans to concentrate on higher-margin areas like auto loans.

Tim Wennes, Santander’s U.S. CEO, said the bank’s mortgage portfolios lacked sufficient scale.

Read the full article from Banking Dive. 

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