Wells Fargo has had mortgage inquiries drop 90%. Lots of realtors and small office lenders who partner with bigger lenders could be about to go out of business

Wells Fargo has had mortgage inquiries drop 90%. Lots of realtors and small office lenders who partner with bigger lenders could be about to go out of business. Redfin and Zillow will no doubt try again if they survive and rate changes does indeed tank local employers. Same loop that played out with local banks in 2008. Policy sure seems to prefer centralization.