This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
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Wells Trims Subprime Mortgage Unit

The Charlotte Observer is breaking what will be a widely-covered news story in the industry; that Wells Fargo is trimming its subprime mortgage unit in response to market conditions. Watch HW tomorrow for updates.

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