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Seattle Bubble Forum Archive • View topic - Wells Fargo "Risky Markets" List

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Wells Fargo "Risky Markets" List

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

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Wells Fargo "Risky Markets" List

Postby melonleftcoast » Fri Feb 29, 2008 11:16 am

I found this in an article in the Boston Globe, and it seems Wells Fargo is following in the footsteps of Countrywide, which has a similar list (see previous post titled: Countrwide "Risky Markets" List). This memo from Wells Fargo also has other info, such as new restrictions on the total number of loans allowed per customer and new pricing for VA loans:

http://blownmortgage.com/wp-content/upl ... 08-024.pdf

Here is a link to the Boston Globe article:

http://www.boston.com/realestate/news/b ... ender.html


FYI: note only Pierce County for Washington is (currently) on the list
melonleftcoast
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