Wells Fargo Stops Accepting Home Equity Credit Line Applications
A person wearing a protective mask walks past a temporarily closed Wells Fargo branch.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Wells Fargo & Co. will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase & Co.
Wells Fargo will stop taking Heloc applications after Thursday as the largest U.S. home lender navigates the economic impact of the coronavirus, according to company spokesman Tom Goyda.