FREER REIN, OR EXTRA ROPE? "You may have a loan that doesn't meet [agency] guidelines, but you would make that loan every day," said Brad Blackwell, in explaining why Wells Fargo likes the flexibility that comes with making mortgages to be held on balance sheet rather than sold to Fannie or Freddie.
Brad Blackwell, who heads portfolio lending at Wells Fargo, calls his bank's underwriters the "fighter pilots" of the lending industry they belong to a force trained to attack very specific targets. more »
A Vermont consumer protection bill that would regulate the rent-to-own industry and temporarily ban lawsuit loan companies from operating in the state passed in the Vermont House on Friday. more »