Wells Fargo Offering Principal Reductions to Wachovia Borrowers
As part of a broader plan to prevent foreclosures and reduce related losses, Wells Fargo has reportedly offered principal balance reductions to select Wachovia borrowers.
According to Bloomberg, letters were mailed to an unknown number of Wachovia borrowers who could be eligible for such a loan modification.
They are requesting proof of current income and a 2007 income-tax statement as a means to qualify Read more