by Calculated Risk on 7/05/2007 06:37:00 PM

Here is an email Wells Fargo sent out last week. Note the shut down date was last Friday. I couldn't find any stories on this division (email via a reliable source):

If you have any loans that you would like to submit, they need to be sent by way of our Secured Document Delivery system ("SDD" e-mail address) into our Baton Rouge Operations Center and rec'd before 5 pm CT tomorrow, Friday, June 29th.

WELLS FARGO has decided not to continue operation of this division. However, we will be honoring the pipeline, and funding your loans for the next 60+ days. If you have questions about loans in process, purchase advice, etc… (info removed)

I will always be available by cell phone @ (phone number removed). This e-mail address will be "turned off" within the next 24 hours.

It was a pleasure doing business with you, I hope to do so in another capacity (WHEN this market turns back in our favor)

Troy Alexander
Correspondent Lending
WELLS FARGO Home Mortgage
(contact info removed)
...

For your protection, we remind you that this is an unsecured email service, which is not intended for sending confidential or sensitive information.