1 Articles match "2006","Bank Owned","Wells Fargo"

The Latest from RealtyTrac MORE
Stumbling Subprimes Spell Opportunity
Wells Fargo, the biggest originator of subprime loans, according to National Mortgage News , announced this week that they would be cutting 320 jobs in their subprime mortgage division because of tighter lending standards. The subprime meltdown being reported now is mostly due to defaults that occurred in the first two-thirds of 2006. Even The subprime mortgage industry is stumbling under a heavy burden of defaults, watching profits dwindle as lenders are forced to buy back loans that have turned sour. This bottom-line reality is forcing many lenders to tighten their lending
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Stumbling Subprimes Spell Opportunity
    Wells Fargo, the biggest originator of subprime loans, according to National Mortgage News , announced this week that they would be cutting 320 jobs in their subprime mortgage division because of tighter lending standards. The subprime meltdown being reported now is mostly due to defaults that occurred in the first two-thirds of 2006. Even The subprime mortgage industry is stumbling under a heavy burden of defaults, watching profits dwindle as lenders are forced to buy back loans that have turned sour. This bottom-line reality is forcing many lenders to tighten their lending
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE