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Wells Fargo Tries Loan Exchange

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Anticipating eventual market pick-up, Wells Fargo is trading option ARMs for interest-only loans, while economists question whether it's an improvement.
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Source: Realtor.Org
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Geof Giles, attorney  |  Contact or Connect with this Member
on
Option ARMs were a large part of the mess we are in and it will get worse. Most of the prime home loans with that stupid feature will adjust in 2011 causing another round of pain. The government thinks Wells is too big to fail, but in reality it is too big to be allowed to continue in business.
Jason Harris  |  Contact or Connect with this Member
on
Geoff, imagine how silly you would think I sounded if I started making comments about litigation strategies...probably pretty darn silly. I can't help but get that same feeling when I read your random forays into the mortgage world.
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