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

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Stumbling Subprimes Spell Opportunity
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. 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. They buy low This bottom-line reality is forcing many lenders to tighten their lending requirements. The tightened lending standards, coupled with stagnant home price appreciation,
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Stumbling Subprimes Spell Opportunity
    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. 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. They buy low This bottom-line reality is forcing many lenders to tighten their lending requirements. The tightened lending standards, coupled with stagnant home price appreciation,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE