|
||
2011-06-16 — marketwatch.com
``Wells Fargo & Co. said its mortgage division would stop originating reverse mortgages because volatility in home values and restrictions on the products make it difficult to gauge whether borrowers will make good on their obligations... With a reverse mortgage, the loan and its interest are due when the borrower dies, moves, sells the house or fails to pay property taxes or homeowner's insurance.''
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. |