by Calculated Risk on 8/01/2007 01:40:00 PM

Yesterday I received an excerpt from a Wells Fargo notice to mortgage brokers suggesting their Alt-A programs were "discontinued until further notice":

"Due to the appetite and demand for this product in the secondary market, we are not able to obtain pricing from our investors."

Now, on the Broker's Outpost (hat tip Cal):

Due to Current market conditions National City is making the following changes effective immediately:

All Expanded Criteria Products/Alt A - No New Registrations and No New Locks