Oh silly... Wells Fargo doesn't make these decisions to protect YOU, the consumer. They do it because it is too risky for THEM. Look at the last housing crash.

Oh silly... Wells Fargo doesn't make these decisions to protect YOU, the consumer. They do it because it is too risky for THEM. Look at the last housing crash. The crash was caused by banks offering people loans that they knew would most likely default. They offered people more money than they could afford to pay. If the bank was looking out for your best interest they would have told millions of Americans "no" on their mortgage applications. But the bank knew that they could sell your loan off before you defaulted and make it someone else's problem. It gets more complicated than that obviously, but the crash was caused by the banks knowingly extending bad loans. The banks are looking out for themselves, not you.