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Wells Fargo Reduces FICO Scores for FHA Financing: What Does it Mean?
There’s talk into the development and through the entire housing marketplace industry that lending giant Wells Fargo is bringing down credit ratings it calls for for potential homebuyers funding with FHA financial loans . Although this may seem – on top at minimum – like nice thing about it for Us citizens looking to purchase house … we approach this move with careful optimism.
To begin with, AmeriFirst Residence Mortgage CEO and co-founder David N Gahm stocks a tiny bit about the way the local neighborhood home loan banker manages the housing marketplace and financing. Continue Reading