# Prof. Lawrence White on mortgage lending at Wells Fargo

1 Faculty News June 22, 2012 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/2012/06/22/us-wellsfargo-mortgages-idUSBRE85L1BE20120622) -- "In the 1980s, U.S. savings-and-loans were felled by such a rate squeeze, as well as risky investments they made, said [Lawrence White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at New York University's Stern School of Business and a former savings and loans regulator. Wells can hedge this risk and has a much more diversified balance sheet than the savings-and-loans had, White said."

[Read more](http://www.reuters.com/article/2012/06/22/us-wellsfargo-mortgages-idUSBRE85L1BE20120622)