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: Loan Modification & Home Loan News

Wells Fargo CEO Says, ?The Big Problem: The job outlook remains dismal in California and nationwide?

By Moe Bedard

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“I worry about our home equity portfolio,” he said. That’s primarily because of wobbly residential values that have left numerous homes “underwater,” or worth less than the loan. The big problem: The job outlook remains dismal in California and nationwide. “What I worry about is jobs,” Stumpf said. “Jobs are my first worry, my second worry, my [...]

Full post as published by Loan Modification & Home Loan News on April 29, 2010 (boomark / email).

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