I imagine that with everything that is happening in the mortgage industry, more partnerships will begin to surface. A.G. Edwards and Sons, Inc. and Wells Fargo Home Mortgage have formed and co-own a joint venture that will be a mortgage firm. The firm name will be A.G. Edwards Mortgage LLC. Purpose will be to originate, process and fund mortgage loans for A.G. Edwards clients. Sounds to me as if A.G. Edwards is positioning itself for long term growth and servicing their clients in another area. Wells Fargo has an extensive line products to offer. This is another partnership that will more than likely be a win-win for both of the parties and everyone involved.
