2009-01-25 — ml-implode.com
"I got word from my contact on Friday that the wholesale channel will remain open but cut back the numbers of brokers they have approved by 80%+-. Wells Fargo just did the same - word is 90% of brokers will be cut off due to ‘performance’ issues. They will implement strict controls over their brokers closely monitoring locking, pull-through and quality. This is all about getting back in control of their deal flow."
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