Wells Fargo Brings Back Private-label Bonds

May 12, 2017 Seth Welborn

According to an executive at Wells Fargo, the bank will begin issuing private-label bonds—the first time it's done so since 2008. Backed by non-government guaranteed mortgage loans, these bonds offer lower risk to banks and, therefore, lower interest rates for borrowers. JPMorgan and Redwood Trust have also begun issuing these types of bond as of late.

The post Wells Fargo Brings Back Private-label Bonds appeared first on theMReport.com.

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