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Wells Fargo exits Canada's mortgage market

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Mortgage Broker News | 30 Jul 2009, 05:07 PM Agree 0
Effective July 30th, 2009, Wells Fargo will no longer be originating new mortgages in Canada, according to a recent press release from company president, Rick Valade.
  • Sheldon Moylan | 31 Jul 2009, 08:12 AM Agree 0
    WOW WOW

    I never seen that coming. What a shock. I don't understand it. Why keep the personal loans portion available but not the mortgages.

    Crazy Stuff

    Sheldon Moylan
    Dominion Lending Centres
    Mortgage Excellence
  • John Dearin | 31 Jul 2009, 08:57 PM Agree 0
    It was hard to justify their rates some at 3Xbank discounted. Even for the most tried credit scores. Hope VFC is better
  • Rick Morgan | 31 Jul 2009, 09:10 PM Agree 0
    They may be one of the oldest banks in north America and we hate to see any lender leave our market place. however I always found That a decent 1st mortgage with a private second would beat a wells deal all day long.
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