Wells Fargo's interest income will take a hit Wells Fargo & Co., the largest U.S. mortgage lender, said a refinancing program may cut so-called lifetime interest income by as much as $1.7 billion, more than double what the firm estimated three months ago. The new estimate of lost interest income from the program, part of a settlement of state and federal loan-servicing probes, climbed from the firm's $720 million forecast in May, Wells Fargo said in a quarterly filing. As many as 40,000 borrowers represent $8 billion in unpaid principal balance that may be refinanced by the bank under the program, up from a projection of 20,000 borrowers and $4...
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