Wells Fargo dissolves mortgage joint venture

  • Article by: Wire services
  • Updated: February 14, 2013 - 9:25 PM

About 210 people work at the Edward Jones Mortgage office in St. Louis Park.

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lolatbanksFeb. 18, 1310:31 AM

Perhaps homeowners have realized that Wells Fargo cannot be counted on for prudent financial advice. Remember - they recommend that their customers pay up to 200% interest on their short term advance against a direct deposit. None of their own Wells Fargo financial professionals will put in writing that this is good for any customer. And, Wells recently agreed to a settlement that they placed homeowners into more expensive mortgages even though they qualified for lower rates!

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