[mEDITate-OR:
not see that Wells is, well, different.
(sorry)
As many pointed out early in the RE crisis, Wells never did make very many bad Alt-A, ARMs or subprime RE loans.
They have always been very careful
Wichovia was an unusual mistake for them to make.
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BofA (Countrywide) and JPM Chase (WaMu) have the highest combined delinquency and foreclosure rates.
BofA is the largest servicer with over 14 million loans ($2.2 trillion) at the end of Q2.
Wells Fargo is second with about 12 million loans ($1.8 trillion), and
JPM Chase is third with about 9.5 million loans ($1.35 trillion).
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Wells Fargo: the least bad big bank
Wells Fargo is looking like the best horse in the big-bank glue factory, judging by one measure of its apparent exposure to souring mortgages.
http://finance.fortune.cnn.com/2010/10/20/wells-fargo-the-least-bad-big-bank/
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Wells Fargo on Foreclosures: "Procedures sound, no moratorium"
http://www.calculatedriskblog.
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