Pickle Real Estate

Reading Between the Head-Lines

Wells Fargo Chief Economist: “There is no clear, easy way out for housing”

2009-11-28 Mish’s Global Economic Blog

“If there is no clear, easy way out for housing, then there is no clear, easy way out for Wells Fargo. Wells is sitting in a huge pile of Pay Option Arms in bubble states like California, where prices still have a long way to correct.”

Full Article Here

December 3, 2009 - Posted by | Banking, Foreclosure, Investments, Lending

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