Tag Archives: Wells Fargo
Time to say ‘goodbye’ to home equity loans?
Two of the nation’s largest financial institutions have discontinued their home equity loan products. Continue reading
4 more years of foreclosure
To cap off a nightmarish week on the housing front, everybody’s favorite ratings service Standard & Poor’s says the “shadow market” of foreclosures and distressed homes will haunt our neighborhoods for at least four more years.
S&P says that al… Continue reading
Lenders pay back borrowers
Here is something you don’t hear every day: your lender was accused of lying and is now required to give you some money to make up for it.
The Federal Trade Commission today started mailing out a total of $108 million in refund checks to 450,177 homeow… Continue reading
The end of reverse mortgages?
When home values were going up like a rocket, lenders often marketed reverse mortgages as a gateway to financial freedom. Now, some of them want out.
Wells Fargo says it will stop offering reverse mortgages as of June 30. Bank of America stopped offeri… Continue reading