Uh, why aren’t people wiggin’ out about this?
No disrespect to the fine folks at Wells Fargo, but when one player owns more than a third of a market as large and important as mortgage lending — especially just after a major financial crisis — shouldn't more warning flags be raised? "A little pause" doesn't seem to be enough.
@Abishopccim - I'm with you!
@Abishopccim - I'm with you! In case folks are so optimistic of clawing out of this recession, that they have forgotten the components of what got us here in the first place, allow me to remind you; Bear Stearns, Lehman Brothers, and oh yeah Countrywide... now the Feds are regulating mortgage lenders so closely these days, and from those I know in the biz, sub-prime loans, of any breed, have not resurfaced. Wells Fargo cannot be compared to Countrywide (YET), but dont forget the all important term, invented in November 2007, "Too Big To Fail"...