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Home Depot CFO lauds Wells Fargo's loosening move

February 25th, 2014 by [shareaholic app="share_buttons" id="27157108"]

By Around the Web WASHINGTON (MarketWatch) — On a conference call with investors, Home Depot’s chief financial officer lauded the decision by Wells Fargo to make home loans backed by the Federal Housing Administration easier to get, by lowering FICO scores to 600 from 642. “We think that will be very good particularly for those new households who are buying their first home,” said Carol Tome. “But it also is a good news story when you think about the affordability curve,” she said. “We also hear that other lenders are starting to discuss a loosening up. It is still a very tight environment, make no mistake,……(read more)

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