Town Square

Post a New Topic

Wells Fargo among banks required to raise capital

Original post made by Anonymous, Another Pleasanton neighborhood, on May 6, 2009

Read the article:
Web Link

It looks like Wells Fargo is among the banks that will be required to raise capital.

It is my understanding that Wells Fargo requires a non-refundable fee in order to re-finance your house. To the best of my knowledge, you have to pay the fee before the appraisal is done, and Wells Fargo will keep the fee whether the refinancing goes forward (house appraises) or not!

How will Wells Fargo raise this capital? The article does not state much.

Please make sure you understand how Wells Fargo operates before going along with the writing of a non-refundable fee. Also make sure you know how they go about appraising your house before giving them a non-refundable fee.

Comments (1)

Like this comment
Posted by Jerry
a resident of Oak Hill
on May 7, 2009 at 12:33 am

Didn't Obama stated in one of his fairly recent speeches that he "didn't want to run the banks or the auto industry" yet his administration is issuing orders to the banks and making demands of the auto industry...

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Valley Trails site is poor location for school
By Tim Hunt | 7 comments | 658 views

Nominations due Monday for TV30’s Tri-Valley ‘Coach of the Year’ award
By Jeb Bing | 0 comments | 52 views


Readers' Choice Ballot is here

It's time to decide what local business is worthy of the title "Pleasanton Readers' Choice" — and you get to decide! Cast your ballot online. Voting ends May 21st. Stay tuned for the results in the June 23rd issue of the Pleasanton Weekly.