Biggest Banks in Reverse Mortgages Exit Business - NYTimes.com
Jun 17, 2011 . Both Wells Fargo and Bank of America have said they have not foreclosed on any borrowers to date. The National Reverse Mortgage Lenders .
http://www.nytimes.com/2011/06/18/your-money/mortgages/18reverse.html
MetLife Pushes Reverse Mortgages as Wells Fargo Retreats ...
Jun 21, 2011 . 1 reverse-mortgage lender as Wells Fargo & Co. and Bank of America . Bell, the National Reverse Mortgage Lenders Association's director of .
http://www.bloomberg.com/news/2011-06-21/metlife-pushes-reverse-mortgages-as-wells-fargo-bank-of-america-retreat.html
Wells Fargo, B of A and Other Big Banks Flee Reverse Mortgages ...
Nov 18, 2011 . Wells Fargo & Co., Bank of America Corp. and other large lenders are fleeing the reverse mortgage industry, leaving specialty lenders with .
http://www.americanbanker.com/issues/176_225/reverse-mortgages-wells-fargo-bank-of-america-metlife-1044227-1.html
Reverse Mortgages: Customers Have Little to Fear as Wells Fargo ...
Jun 28, 2011 . Wells Fargo has reversed itself on reverse mortgages. The bank, one of two biggest providers of such loans (along with Bank of America), said .
http://abcnews.go.com/Business/reverse-mortgages-customers-fear-wells-fargo-bank-america/story?id=13939718
Should you get a Wells Fargo Reverse Mortgage? -- All Reverse ...
In fact, at All Reverse Mortgage we have been able to do several loans on properties located in condominium projects denied by Wells Fargo Bank, .
http://www.allrmc.com/blog/wells-fargo-reverse-mortgage
Wells Fargo Drops Reverse Mortgages: Is The Financing Option Still ...
Jun 22, 2011 . Wells Fargo Drops Reverse Mortgages: Is The Financing Option Still Viable . Last week, mega-bank Wells Fargo announced it will stop selling .
http://articles.businessinsider.com/2011-06-22/wall_street/30077877_1_mortgages-home-values-lenders
Update – Wells Fargo had this to say:
Wells Fargo ends reverse mortgage loans
Banking. Wells Fargo ends reverse mortgage loans. Jun 20, 2011 2:00 PM. Wells Fargo has announced that it is getting out of the business of providing reverse .
http://news.consumerreports.org/money/2011/06/wells-fargo-to-end-reverse-mortgage-loans.html
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Reverse mortgages in a down economy require some reevaluation ...
Oct 5, 2011 . Wells Fargo and Bank of America, the two biggest providers of these loans, . Unlike other loans, a reverse mortgage doesn't have to be repaid .
http://articles.nydailynews.com/2011-10-05/news/30261613_1_mortgage-insurance-premium-borrower-moves-mortgage-loans
Banks abandon reverse-mortgage business - MarketWatch
Jun 30, 2011. of Wells Fargo and Bank of America leaving the reverse mortgage . no reason to worry, as the banks will continue to service those loans.
http://articles.marketwatch.com/2011-06-30/finance/30768081_1_mortgage-borrowers-mortgage-specialist-unpredictable-home-values
For reverse mortgages, try smaller banks | Bankrate.com
Bank of America says it quit offering the loans because reverse mortgages are not part of its core business. Wells Fargo says its decision was based on falling .
http://www.bankrate.com/finance/mortgages/for-reverse-mortgages-try-smaller-banks-1.aspx