Wells Fargo and FHA qualifications--Interesting article

[RecoveringShopaholic]

Interesting article about Wells Fargo lowering FHA qualification requirements to mirror FHA guidelines. 

http://www.structuredfinancenews.com/news/-216381-1.html

[stan_the_man]

---

@RecoveringShopaholic wrote:

Interesting article about Wells Fargo lowering FHA qualification requirements to mirror FHA guidelines. 

http://www.structuredfinancenews.com/news/-216381-1.html

---

Great! More people who should be receiving mortgages defaulting on them.

Haven't we learned from our mistakes already?

[mocha82]

---

@RecoveringShopaholic wrote:

Interesting article about Wells Fargo lowering FHA qualification requirements to mirror FHA guidelines. 

http://www.structuredfinancenews.com/news/-216381-1.html

---

This is a gimmic by Wells Fargo.  They just dangle a carrot in front of you and decline your application later.  This has happen to many people on the forums.