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Loan Modification

: The Truth About Mortgage.com

Wells Fargo Calls for 30 Percent Down Payments on Mortgages

By scot184

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Wells Fargo wants borrowers to put down 30 percent on mortgages to avoid a new requirement that will require mortgage lenders to retain five percent of the loan if it’s securitized, according to the WSJ. This so-called ?risk retention? is related to new regulations required by the Dodd?Frank Wall Street Reform and Consumer Protection Act [...]

Full post as published by The Truth About Mortgage.com on January 14, 2011 (boomark / email).

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