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West Des Moines is emerging as the probable site of it large new office building for Wells Fargo Home Mortgage, the home lending subsidiary of Wells Fargo & Co., according to public officials and others who arc familiar with the discussions.
No decision had been made and the company, which provides funding for about one out of every eight American homes that are financed each year, is still researching its options, said spokeswoman Debora Blume.
"There is a feeling that Wells Fargo is leaning toward its," said West Des Moines Mayor Gene Meyer.
Loan demand created by new home purchases and by homeowners who want to refinance their mortgages has exploded in recent years its interest rates have fallen to their lowest levels in more than a generation.
That growth in lending activity has Pushed Wells Fargo Home Mortgage past the capacity of the building...