Warren Buffett's Favorite Banker Discusses the Banking Business
Joseph Stumpf is Wells Fargo's CEO and this morning he discussed the state of the mortgage market.
He thinks that housing is much healthier now than it has been in quite a while. In fact, he thinks that the housing market is in much better shape than most people think.
He thinks houses today are a bargain. Current interest rates are still a fabulous bargain relative to what they have historically been.