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Re: Wells Fargo Reverse Mortgages
Posted by  MW/VA of VA on 7/21/11 9:46pm Msg #390555
WF stopped applications as of June 30th & will close anything in the pipeline until Sept. 30, siting changes in market conditions. I know some people who did RM's a couple of years ago when the market was high. They have now taken out more equity than the property is currently valued at (upside down in an RM). That means potential losses for the lenders.
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Messages in this Thread
 Wells Fargo Reverse Mortgages - LisaWI on 7/21/11 9:40pm
 Re: Wells Fargo Reverse Mortgages -  MW/VA on 7/21/11 9:46pm
 Re: Wells Fargo Reverse Mortgages -  Stamper_WI on 7/22/11 7:55am
 Re: Wells Fargo Reverse Mortgages - Virginia/PA on 7/24/11 2:22am



 
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