Wednesday, August 31, 2011

Wells Fargo's Increased Attention To Commercial Real Estate

Elliot Brown of Wall Street Journal writes:
At a time when the U.S. banking sector is reducing its exposure to commercial real estate, Wells Fargo & Co. has taken a different approach: expanding lending to the sector while also buying real-estate loans from other banks.
"Particularly at a time when loan demand is weak across the industry, buying pools of loans is a good way to put excess liquidity to work," said Joe Morford, an analyst at RBC Capital Markets who covers Wells Fargo.
Read more on: Wells Fargo Jumps on Commercial Deals

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