• Wells_fargo

    Wells Fargo now offers 3% down payment mortgages

    Lending

    Allows FICO scores as low as 620


  • Lending

    Allows FICO scores as low as 620

    Wells Fargo is answering calls in the industry to expand the credit box. Not only did the bank announce it now offers a down payment of as little as 3% for fixed-rate mortgages, but it is accepting mortgages with a FICO score as low as 620. Here's how Greg Gwizdz, executive vice president of national retail sales with Wells Fargo, said the bank is making this program work.

This month in
HousingWire magazine

Cover Story
May 2016

Digital disruption: How consumer demand is pushing lenders to a new normal

Saddled with legacy systems and burdened with changing regulations, the mortgage industry has been slow to adopt digitization compared to many other industries. Now, however, the industry must provide more transparency to regulators and satisfy consumers while managing tighter margins. In this perfect storm, there’s only one lifeboat — a digital process.

Feature

Rental surge: Why more people are opting out of homeownership

Lending

Commentary

A holistic approach to gauging housing market performance

Lending