Well’s Exclusionary List Prompts Many Reactions

Wells Fargo Co. – the nation’s largest buyer of closed loans outside of the GSEs – has thrown down the gauntlet on the correspondent market, creating an “exclusionary list” of 88 firms that it will no longer buy loans from. How are lenders reacting so far? With a mixture of fear of being on the list and an indifferent “so what?”

Article source: http://www.nationalmortgagenews.com/nmn_features/wells-exclusionary-list-reactions-1029545-1.html

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