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Wells Fargo scales back Alt-A loans

posted 70 weeks ago on Mortgage Insider

Wells Fargo & Co. is cutting back on home loans to borrowers in a mid range credit category known as Alt-A, reports the Associated Press. Here's a clip: In a notice distributed Tuesday, Wells Fargo informed mortgage brokers that it is curtailing its exposure to so-called "alt-A" home loans - a product that typically doesn't require [...]

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