Wells Fargo has decided to make "day to day decisions" on the pricing and availability of third-party-originated alternative-A credit loans in response to a dampening in demand for the product in the capital markets."These loans currently are perceived to carry more risk," Wells said in a statement. The company defines alt-A loans as those that "may include less than full documentation and other factors that tie to property type, debt ratio and credit scores." Wells Fargo can be found on the Web at http://www.wellsfargo.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry