Wells Rebuts Critics On At-Risk Loans

November 2009
American Banker;11/9/2009, Vol. 174 Issue 202, p12
Trade Publication
The article focuses on John Stumpf, chief executive officer at Wells Fargo & Co. Stumpf's views on mortgage lending, the company's management of at-risk underwater mortgages, and the influence of this type of mortgage on U.S. housing prices are discussed. He mentions how Wells Fargo is trying to reduce borrowers' monthly loan payments and the number of foreclosures.


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