Buffett Says Wells Fargo Should Aim for $1 Trillion in Mortgages
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Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said Wells Fargo & Co.’s dominance of U.S. home lending will pay off as the housing market rebounds.
“They’ve got a sensational mortgage operation,” Buffett said today on Bloomberg Television’s “In the Loop With Betty Liu” program in an interview from the Allen & Co. media conference in Sun Valley, Idaho. “The total mortgage market was at the $3 trillion level not that long ago. If it goes back up to $3 trillion, I hope Wells is doing a third of those.”