Saturday, July 14, 2012

Did you see that stage coach with a busted wheel?

It's been an ugly year in Wells Fargo mortgage business history.

March brought a 49-state consent order over foreclosure practices:
http://www.nationalmortgagesettlement.com/states

Judgement over redlining:
http://www.jgmobile.net/article/20120713/BIZ/307139932/1031/BIZ&template=mobileart

Wholesale division closure:
http://www.bloomberg.com/news/2012-07-12/wells-fargo-to-exit-wholesale-channel-after-fair-lending-accord.html

Let's wait and see if their fees go up again.

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