Officials at Wells Fargo said that in the first month of offering the non-FHA yourFirstMortgage, applications for more than $1.0 billion in production were received.
The GOP convention starts in a few days and the party of Lincoln and Roosevelt (Teddy) has its daggers pointed toward Fannie Mae and Freddie Mac. Bully!
The president and CEO of the Credit Union National Association countered that the current limitations on QMs may disqualify creditworthy members from obtaining a mortgage.