1 Articles match "Bank Owned","REO","Wells Fargo"
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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. Even if they don’t plan to buy immediately, investors and buyers who are serious about finding good deals should start looking now so theyre prepared to act quickly. Posted 02-22-2007 12:04 PM by darenb Filed under: Bank-Owned/REOs , Foreclosure Trend 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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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. Even if they don’t plan to buy immediately, investors and buyers who are serious about finding good deals should start looking now so theyre prepared to act quickly. Posted 02-22-2007 12:04 PM by darenb Filed under: Bank-Owned/REOs , Foreclosure Trend 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
