Talk Me Down From the Wells Fargo Ledge [View article]
And...I do a bit of real estate. I know that WFC's lending guidelines over the past 5 years have been stricter than other banks. I have six loans through Countrywide, and five through Washington Mutual. None through WFC even though I do all of my depository banking with them. They simply wouldn't offer me the right terms for me as a borrower. They lost market share because of it. Now they're getting that market share back, and in spades.
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And...I do a bit of real estate. I know that WFC's lending guidelines over the past 5 years have been stricter than other banks. I have six loans through Countrywide, and five through Washington Mutual. None through WFC even though I do all of my depository banking with them. They simply wouldn't offer me the right terms for me as a borrower. They lost market share because of it. Now they're getting that market share back, and in spades.
Oct 01 17:56 pm
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All Comments by muguwmper12 »Talk Me Down From the Wells Fargo Ledge [View article]