As we continue to receive financial data from third quarter updates, we receive especially good news from Wells Fargo.  Wells Fargo is one of the largest mortgage servicers and collectors in the nation.

Wells Fargo's profits for Q3 topped analysts predictions, and has been linked to improving credit conditions.  As consumers get back on track and pay their mortgages on time, credit ratings improve.

As Wells Fargo's pool of mortgage assets continue to strengthen, analysts expect their profits and stock prices to continue to rise.  This news is sure to bolster the market, and help to ease fears in this heated mortgage climate we sit in at present. 

This news follows weeks of bad news about foreclosures, improper procedures regarding foreclosures, and increasing rates of stagnant mortgages.

About the Author:
Michael Blount Jr is a Realtor and the Broker of Blount Properties, living in The Woodlands, TX.  Michael is knowledgeable in both residential and commercial real estate and studies the market and trends to better serve his clients.  Michael serves the greater Houston metro area.  For more information - visit www.BlountUSA.com or search for Blount Properties on FaceBook.