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Wells Fargo Eliminates Servicing and Origination Fee for Adjustable Rate HECM

Apr 13, 2010By

As lenders continue to aggressively compete for reverse mortgage business, Wells Fargo quietly started offering an adjustable rate HECM product without an origination and service fee set aside. While there hasn’t been an official announcement, a Wells Fargo spokesperson confirmed with RMD the company recently released the product.