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wells fargo home mortgage

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News

Wire Feed: Wells Fargo cuts back on 'alt-A' home loans; Napster loss narrows (San Jose Mercury News)

LOCAL AND STATE NEWS Wells Fargo cutting back on `alt-A' home loans Wells Fargo is avoiding another type of mortgage designed for borrowers who can't qualify for conventional home loans, further restricting the amount of money flowing into the troubled real estate market.

Wells Fargo curtails exposure to alt-A mortgages (The Des Moines Register)

Wells Fargo & Co. is curbing its presence in the market that provides home loans to mortgage buyers who don’t qualify for the very best loan terms.

Wells Fargo curtails exposure to alt-A mortgages (The Altoona Herald-Mitchellville Index)

Wells Fargo & Co. is curbing its presence in the market that provides home loans to mortgage buyers who don’t qualify for the very best loan terms. The Associated Press reported today that the lender has notified mortgage brokers that it is curtailing its exposure to so-called ”alt-A” home loans.

Wells Fargo Cuts Back on Alt-A Mortgages (AP via Yahoo! Finance)

Wells Fargo curtails exposure to alt-A mortgages (The San Luis Obispo Tribune)

Wells Fargo & Co. is avoiding another type of mortgage designed for borrowers who can't qualify for conventional home loans, further restricting the amount of money flowing into the troubled real estate market. In a notice distributed Tuesday, Wells Fargo informed mortgage brokers that it is curtailing its exposure to so-called "alt-A" home loans - a product that typically doesn't require ...

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