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Real Estate & Property Law

: Housing Wire

Wells Fargo Exits Jumbo Wholesale Lending

By KELLY CURRAN

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Wells Fargo & Co. (WFC: 25.35 -1.44%), as of this week, has suspended non-conforming mortgage product offerings through its wholesale channel, due to “low market demand and higher risks,” according to a statement from the banking giant Thursday. The decision is temporary, the bank said, although it wouldn’t specify when it might resume future jumbo [...]

Full post as published by Housing Wire on January 09, 2009 (boomark / email).

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