Newsfeed: Wells Fargo Cuts Back on Mortgage Lending
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
Nearly half of U.S. mortgage payers own at least 50 percent equity, according to ATTOM’s Q2 2022 Home Equity & Underwater Report. This means that the balance of loans taken out against the home is less than half the estimated market value of the property.
We’re back from what Robert Kiyosaki described as our BEST Summit at Sea™ so far. It’s hard to disagree. And no, this isn’t a pitch for the Summit. In fact, alumni already grabbed about 40% of the available spots … before we even got off the ship! While there’s no way to describe the magic …