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Wells Fargo Edges Back Into Subprime As U.S. Mortgage Market Thaws

Friday, February 14, 2014 - 6:49 AMWells Fargo Bank - Details
"The bank is looking for opportunities to stem its revenue decline as overall mortgage lending volume plunges. It believes it has worked through enough of its crisis-era mortgage problems, particularly with U.S. home loan agencies, to be comfortable extending credit to some borrowers with higher credit risks.The small steps from Wells Fargo could amount to a big change for the mortgage market."
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