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Wells Fargo: 200+ Housing Markets are in Trouble 

Feb 29, 2008By

Wells Fargo & Co., the second largest mortgage lender in the U.S., said earlier this week that it was making changes to its lending guidelines in more than 200 housing markets spanning 24 states and Washington D.C. that it identified as either “soft,” “distressed,” or “severely distressed.” Reuters obtained confirmation from Wells Fargo regarding the authenticity of the document circulated among brokers February 25.

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