Wells Fargo reduces mortgage products amid coronavirus outbreak

(Reuters) - Wells Fargo & Co , the largest U.S. mortgage lender, is offering fewer home loan products during the coronavirus-fueled economic downturn, a spokesman said on Monday.The bank has paused many kinds of loans including cash-out refinance loans, most home equity loans above $250,000 and riskier non-conforming purchase loans, according to a memo seen by Reuters and confirmed by the company.Applications for those loan types were automatically turned down as of Friday.Underwriting some of..