(Reuters) - Wells Fargo & Co, Wachovia Corpand other lenders are limiting mortgages to some of their more creditworthy borrowers as worries about U.S. homeowner defaults widen.
Wells Fargo, the second-largest U.S. mortgage lender, said it is curtailing issuance of "Alt-A" home loans through brokers, while Wachovia has stopped entirely. Wachovia also said one lending unit has temporarily halted its Alt-A production.
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Wells Fargo, the second-largest U.S. mortgage lender, said it is curtailing issuance of "Alt-A" home loans through brokers, while Wachovia has stopped entirely. Wachovia also said one lending unit has temporarily halted its Alt-A production.
Read more at Reuters Africa
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