WELLS FARGO Is Backing Out Of The Mortgage Market

[Anonymous No.55977251]

Top signal. It's fucking over.

[Anonymous No.55977261]

2 more weeks for the epic real estate crasherino rentnegro

[Anonymous No.55977262]

>>55977251
>While not exiting it entirely, they'll be focusing on only providing mortgages to their existing customers, and those in minority communities
>and those in minority communities

OK but why?

[Anonymous No.55977270]

>>55977251
>existing customers
>and minority communities

Is there some subsidy program I'm not aware of?

[Anonymous No.55977279]

>>55977251
Even they don't want to jew people with the feds intrest rates

[Anonymous No.55977284]

>>55977279
LMAO yeah bro they're doing this altruistically! What a fucking dumb take

[Anonymous No.55977286]

>>55977279
they're still jewing minorities lmao
whites are too smart to get into debt now anyways, what they did was pointless

[Anonymous No.55977289]

>>55977262
gubmint subsidizes them so they're guaranteed to make money and also they get to foreclose and repossess when tyrone inevitably defaults on his 0% down loan

[Anonymous No.55977295]

>>55977279
They're backing out because there's 0 volume lol

[Anonymous No.55977298]

>>55977270
Yes, your good credit mortgage is paying for subprime mortgage holders. Also, WF and JP are giving 0% down mortgages to minorities because of Biden

[Anonymous No.55977312]

>>55977251
>Minority communities
Lmao these guys literally are sending the sheep to the slaughter with sky high prices and interest that they won't be able to pay.

[Anonymous No.55977322]

>>55977251
Well that spells doom for tomorrows numbers

[Anonymous No.55977327]

>>55977251
Wait, in muttmerica your race determines your mortgage opportunities?

[Anonymous No.55977328]

>>55977298
Got it, so this really is GFC 2.0.

[Anonymous No.55977350]

>>55977251
The banks have learned from their mistakes back in 2008. Mortgages shouldn't be easy for just anyone to acquire. This is a good sign that our economy is as strong as ever. I know you guys hate Bidenomics, but it's shitty to cheer for people to lose their livelihoods/pensions/retirement savings.

[Anonymous No.55977405]

>>55977350
The pyramid scheme needs to be dismantled at some point and the longer the can is kicked around the harder the fall, by now its like they put a plank over the abyss to kick the can further

[Anonymous No.55977526]

>>55977328
Yes, literally

[Anonymous No.55977556]

>>55977526
Worse
There is no cliff to kick the can, just a small plank over the cliff, if the can falls, it falls and isn't seen again

[Anonymous No.55977577]

>>55977251
Nice troll OP. For retards who can't Google this article is from january.

[Anonymous No.55977584]

>>55977327
Based and juststartedpayingattention pilled.

[Anonymous No.55977686]

>>55977262
your government is paying people to replace you

[Anonymous No.55977724]

>headline from a year ago bot thread

[Anonymous No.55977900]

It's fucked anyway. Sept 15 40 put.

[Anonymous No.55977922]

>>55977295
Mostly this, the volume is a fraction of what it was a decade ago because of both high rates/fucked up market and because a bunch of non-bank financial institutions got on the gravy train. Wells is moving harder into credit cards and personal debt as well as wealth management and investment banking. Way more profitable at this point. The head Jew at WF is personally friends with Jamie Dimon so you know that they aren’t going under.
>t. Banknigger

[Anonymous No.55977941]

>>55977270
It's genius really. When they default the bank gets the house, the fastest rising traditional investment in the last 50 years.

[Anonymous No.55977986]

>>55977941
Just pure genius.
https://www.realtor.com/realestateandhomes-search/Crystal-Lake_IL/show-foreclosure

[Anonymous No.55978007]

>>55977251
>>55977322
isnt this a BOTTOM signal, not a top signal?? real estate doomers about to get rekt

[Anonymous No.55978029]

>>55978007
In what fairytale universe is “banks backing out of mortgages” bullish?