Wells Fargo Home Mortgage on Tuesday announced a deal that would solidify it as the mortgage servicing leader and push it close to the top in mortgage origination.

The Wells Fargo & Co. unit has a definitive agreement to acquire GE Capital Mortgage's origination business and mortgage pipeline and to subservice the General Electric company's $78.6 billion mortgage servicing portfolio.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.