Tag Archives: The Crisis Circle Is Complete: Wells Fargo Returns To Subprime

ZeroHedge – The Crisis Circle Is Complete: Wells Fargo Returns To Subprime – 14 February 2014

ZeroHedgeThose of our readers focused on the state of the housing market will undoubtedly remember this chart we compiled using the data from the largest mortgage originator in the US, Wells Fargo. In case there is some confusion, as a result of rising interet rates (meaning the Fed is stuck in its attempts to push rates higher), the inability of the US consumer to purchase houses at artificially investor-inflated levels (meaning housing is now merely a hot potato flipfest between institutional investors A and B), and the end of the fourth dead-cat bounce in housing (meaning, well, self-explanatory), the bank’s primary business line – offering mortgages – is cratering.

Read the full story at: www.zerohedge.com / link to orignal article