Items Tagged with 'yourFirst Mortgage'

ARTICLES

  • Wells Fargo's fake account scandal didn't dent 2016 mortgage business

    Here's a full breakdown
    Wells Fargo spent much of the latter part of 2016 cleaning up the mess from its massive fake accounts scandal and trying to repair the damage to its reputation, but the bank’s mortgage business certainly didn’t suffer last year. Here's a full breakdown of Wells Fargo's 2016 mortgage business, including how many 3% down mortgages the bank originated.
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  • Borrowers love Wells Fargo’s 3% down program

    Program makes up about 3% of new apps
    First-time homebuyers are taking a liking to Wells Fargo’s 3% down program as applications came in at $1 billion during the program’s first month. Wells Fargo spoke about the success of the program on the company’s earnings conference call.
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  • Wells Fargo now offers 3% down payment mortgages

    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.
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