A press release received in our office moments ago ...
Wells Fargo Financial Corporation Canada discontinues residential real estate lending
Effective July 30th, 2009, Wells Fargo Financial Corporation Canada will no longer be accepting residential mortgage loan applications through its consumer branch and indirect broker network channels.
Please treat this writing as notification of immediate cancellation of any Mortgage Broker Origination Agreement or other real estate lending agreements you may have with Wells Fargo Financial Corporation Canada or Wells Fargo Financial Corporation Canada HomePlan Mortgage.
To the extent Wells Fargo Financial Corporation Canada HomePlan Mortgage has issued a valid fully executed mortgage commitment, provided the applicant or applicants fulfill all of the terms and conditions of the mortgage commitment (including any time specified for closing or expiration of the mortgage commitment), we will honour those commitments.
Current customers and/or brokers with questions about a Wells Fargo Financial mortgage can contact our Corporate Customer Relations team at 1-800-461-8794.
We thank all of our broker partners, vendors and customers for their business and support over the years.
Sincerely,
Rick Valade
President
Wells Fargo Financial Corporation Canada
Editor's note: Contact a licensed mortgage broker to discuss your options at renewal if you are an existing Wells Fargo Financial Corporation Canada borrower.
No comments:
Post a Comment