Relevant:
- Banks, Lenders and Rating Agencies Hiding Losses
- Wells Fargo Considering Eliminating Stated Income
- Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone
- Wells Fargo Reportedly Closing Some California Branches
- Fed (temporarily) takes the shackles off Wells Fargo, freeing it to help small businesses
2008-02-27 — blownmortgage.com
``Wells Fargo has named nearly every California county a “Severely Distressed Market†which requires LTV reductions of 5% for any conforming loan over 75% LTV and also eliminates financing over 75% LTV for any non-conforming loan. The Wells Fargo Mortgage Express product (which is Wells Fargo’s stated income/stated asset program) is also not permitted in “Severely Distressed Market†areas.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
