"Today, we're getting paid fairly (for mortgage business)," says Wells Fargo (WFC) CEO Stumpf,...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

"Today, we're getting paid fairly (for mortgage business)," says Wells Fargo (WFC) CEO Stumpf, speaking at Sanford Bernstein. The bank is the gorilla in U.S. mortgage lending and is cleaning up as a dearth of competition allows it from having to pass on a portion of its lower funding costs. Overseas expansion? "I don't even think about it."