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re: Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage...
Perfect example of the difference in wholesale and retail underwriting. Wells Fargo on the retail side will go down to 600 credit scores. The article states incorrectly that Wells Fargo requires a 640....
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re: Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage...
Wait til see what the Attorney General's, NCLC, a few House of Representatives, and the panel of the Financial Committe several Senators has on Wells Fargo! Sometimes when you dress up like a cowboy,...
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re: Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage...
I am curious where the example of a broker juicing a rate from 6% to 8% came from? The abuses of "yield spread premiums" that I have read about occurred the most blatantly in subprime ARM and Option...
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re: Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage...
As long as brokers disclose their YSP and consumers are able to shop around what's the issue? I can buy a TV at CompUSA for 300 and the same TV at tigerdirect for 200. Look. People need to shop around...
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re: Wells' Market Share Target and Streamline Change; CFPB's View of Mortgage...
@Miamivice - what does that statement have to do with not clarifying the difference to a report that has misleading and false information? So we had a rogue REO agent who through a party at a house...
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