Relevant:
- Pipeline Shock: Wells Wholesale adds 3 points - immediately!!!
- Wells Fargo Closes Accounts if Firms Offer Loan Mod Services
- Stop The Seller Funded Down Payment Assistance (SFDPA) Scam
- Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone
- UPDATE: Wells Fargo closing majority of Ops Centers
2008-08-22 — ml-implode.com
In a memo today, Wells Fargo's Premiere Asset Services (REO) announced it would stop accepting FHA loan applications with seller-funded DPA's effective immediately.
Offers that have already been accepted with FHA seller-funded DAP’s with closing dates beyond September 30, 2008 will need to be renegotiated.
View the original memo in its entirety by clicking the "original article" link below.
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