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2008-08-15 — ml-implode.com
Wells Fargo,which all of us know in the mortgage business should have stock piles of bad loans, was dismantled today by the Wall Street Journal...
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Comments:
Cowboy at 21:59 2008-08-15 said:
No surprises there. Appraisers have a very poor view of Wells Fargo and their appraisal management company that utilizes collateral valuation methods that are inadequate. PermalinkJoeBlow at 23:02 2008-08-15 said:
No surprises there. Appraisers have a very poor view of Wells Fargo and their appraisal management company that utilizes collateral valuation methods that are inadequate.Wells Fargo is very conservative with its appraisals. Almost too conservative. If anything, this will save them some money in the long run! Your issue with Wells is more with what they pay appraisers not their valuation methods.... JB :roll: Permalink
Cowboy at 00:01 2008-08-16 said:
Conservative? :roll: Spoken like a true mortgage broker. :lol: PermalinkNo surprises there. Appraisers have a very poor view of Wells Fargo and their appraisal management company that utilizes collateral valuation methods that are inadequate.Wells Fargo is very conservative with its appraisals. Almost too conservative. If anything, this will save them some money in the long run! Your issue with Wells is more with what they pay appraisers not their valuation methods.... JB :roll:
JoeBlow at 02:13 2008-08-16 said:
i am a mortgage banker.....big difference... i work for Wells Fargo. I know.... JB :P Permalinkadd a comment | go to forum thread
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