Wells Fargo dips into mortgage-backed bond market

07/28/2009 | Reuters

Wells Fargo & Co. is reportedly buying mortgage-backed bonds, with a senior executive citing attractive rates in an interview with Bloomberg. "There are good opportunities across the board today if you get the right people who can underwrite credit and can look into the deals and make sure you really understand what you're investing in," said Tim Sloan, head of the commercial, real estate and specialized financial-services operations of Wells Fargo's wholesale-banking unit.

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