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Message Boards Settings Wells Fargo & Company - Quote Info
Re: Loan modifications are good      5-Nov-09 01:27 pm    
WFC loan modifications are performing better than the industry average.

They involve lowering the monthly payment to an affordable level, why would any of WFC detractors argue against that?

They do this by either one or a combination of the following:
lowering the rate,
reducing the principal,
providing a longer amortization,

if people are opposed to this, you would normally think they are among the crowd that believe everyone should get forclosed on asap in order to get past this recession. However, unfortunately there are some who believe in giving delinquent homeowners a second chance but have been misled by a misleading article in the WSJ than mentioned nothing about WFC also forgiving principle.
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mr.schnider

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It means the owner-occupied borrowers want to stay in t...
anton_chigu... 5-Nov-09 08:02 am  
 
Keep drinking the Kool-Aid.
sdon.xtern 5-Nov-09 08:19 am  
 
good points., also: ...
bondgal@roc... (1 Rating) 5-Nov-09 09:03 am  
 
BG, thanks for the link. Regards, gill...
fbsbgillie (1 Rating) 5-Nov-09 12:00 pm  
 
Re: Loan modifications are good
mr.schnider (2 Ratings) 5-Nov-09 01:27 pm  
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Wells Fargo & Company (WFC)

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