FHFA Crushing Hopes of Millions of Borrowers
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Wells Fargo wholesale announced to day they would not be taking cash out refinances. Seems to be a play, just like you said, to corner the refinance market on the retail side.
Small community bank and credit unions feel stretched as well. Maybe not as bad as the Mortgage Banker/Broker but still very difficult from a liquidity standpoint no question…they have limited sources to raise capital
Un*fricken*believable!
Just an FYI. I posted the video on Facebook and it was removed saying the content was false.