Wells Fargo Looking at Getting Back into Subprime Lending

I’m guessing they won’t be able to do any liar loans, just loans with lower FICO scores.

 

From DS News

Wells Fargo May Loosen Credit Requirements

Wells Fargo is looking to reenter the subprime mortgage market by lowering its standards of acceptable credit scores for borrowers. Wells Fargo is the largest U.S. mortgage lender, and a move back into the subprime market may signal a sizable shift in the mortgage lending environment. »READ MORE

 

 

-sunil


SUNIL SETHI REAL ESTATE


Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 877 437 9877  
sunil@sunilsethi.com

www.sunilsethi.com  

CA DRE#: 01173766

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