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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (119076)4/28/2008 7:21:43 PM
From: jmiller099Read Replies (1) of 306849
 
I read that and the commentary on the site.

Looks to be Wells is trying to discourage lending. Alternatively they believe their guidelines will change often and give flexibility to close at a higher rate. Lastly, and least likely, they think rates will go down and want to lock people in as early as possible at the expense of losing some agreements.

I think it is likely parts of discouraging lending and giving themselves flexibility to make a higher rate on some of the wacky loans they used to do.
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