Wells Fargo & Co., San Francisco, said it originated more mortgage loans in the first two months of this year than it did for all of the fourth quarter last year.

The statement appeared in the same release announcing the company was slashing its quarterly common stock dividend from $0.34 per share to $0.05 per share.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.