Wells Wasn't Doing Much Nonprime Anyway

Wells Fargo & Co. officially pulled the plug on its consumer finance unit yesterday, saying it would no longer originate "nonprime" residential loans through its Wells Fargo Financial unit. Truth be told, WFF wasn't exactly doing much true real estate-related subprime lending anyway, which makes the story a bust of sorts in mortgageland. The unit's core residential product was the FHA loan. Meanwhile, in other matters, we understand the 'Octomom' may be needing a loan workout. The woman who gave birth to octuplets in January 2009 is about to go into foreclosure on her house, a source close to the situation told us. "The holder of the mortgage is a private lender," said the source. He noted that the Octomom bought a (roughly) $600,000 home in California with the proceeds of her reality TV show…