Coming on the heels of a similar Bank of America move earlier this year, Wells Fargo rolled out their Three Percent Down Mortgage. Advertising allowed credit scores as low as 620 combined with the ability of to have a gift payment to cover the three percent. So, the very same Big Three whom got us into the mess are running as quickly as possible back to the mess --- Bank of America; JPMorgan Chase; and Wells Fargo.
When we talk of loans, though, let's get some definitions out there . . .
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