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Loan Modification

: The Truth About Mortgage.com

Wells Fargo Modifies $15.7 Billion in Option Arms

By scot184

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Wells Fargo has reportedly modified $15.7 billion in nasty pay-option arms through the first three quarters of the year, according to Bloomberg. The negative amortization loans, which were acquired via its merger with Wachovia, have carried a serious delinquency rate triple that of standard loans, making them a high priority for the San Francisco-based bank. The company [...]

Full post as published by The Truth About Mortgage.com on December 10, 2009 (boomark / email).

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