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Article: Mortgages: Calculators Aren't In 'relics' Pile Yet: Mortgage calculators are almost a product by themselves, used by buyers and lenders like Countrywide, Wells Fargo, Progressive and World Savings to lure customers and figure out loan rates and costs.
- Article from:
- Bank Technology News
- Article date:
- October 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's tough being in the calculator business, particularly in the age of Internet and PCs. As screens and PDAs proliferate, the calculator seems to stick out as a throwback to another era. The old computational handheld seems quaint even, evoking simpler times or less hectic days when it was by far the most widely used number-cruncher, and for most, the sole computing interface they used in a given day.
But for accountants, financial planners, lab researchers, mortgage brokers and real estate agents, the calculator still matters. Calculators are used to determine rates and fees, and are a product in and of themselves to be used to lure consumers to a mortgage ...
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Article: Wells Fargo loan woes taint profits
Oakland Tribune;
July 22, 2009 ;
700+ words
...Wells Fargo & Co. posted second ... numerous toxic mortgages that Wells Fargo inherited when it bought ... Corp., the parent of World Savings. "The underlying profitability ... are all problematic." Wells Fargo officials believe the ...
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