Wells Fargo No Longer Accepts Reverse Mortgages

Written by Monica on June 17th, 2011

This is an interesting article from the Wall Street Journal about why Wells Fargo isn’t doing reverse mortgage loans anymore. Regulations on the bank limit their ability to get information they need to make decisions, so they ended the program. Other lenders are still lending, but this will be something to watch.

Wall Street Journal Article

 

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