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Interesting article about Wells Fargo lowering FHA qualification requirements to mirror FHA guidelines.
http://www.structuredfinancenews.com/news/-216381-1.html
@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?
@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.