Comments for MoneyCafe ®

Comment on Wells Fargo COSI replaces Wachovia COSI by Tony G

Tony G — Mon, 17 Nov 2014 15:10:30 +0000

Hey, how’s that working out for you?
Cosi now at 0.85%…so I’m paying 2.25% on my mortgage.
Not garbage. Not a con. Best mortgage EVER for clear thinking, responsible borrowers.

Comment on Where Is CODI? by Paul

Paul — Mon, 29 Sep 2014 21:09:37 +0000

I got the same letter from Wells Fargo. Dropping my CODI index which hasnt been published in over a year to the the 1-Month Eurodollar deposits (London) index with a reduction of 0.02 in my margin. I plotted the two over time on top of each other and they moved almost identically in unison. Seems fair enough I guess.

Comment on Where Is CODI? by Barb

Barb — Thu, 04 Sep 2014 17:14:22 +0000

Do we have any say in the changes or options?

Comment on Where Is CODI? by Clyde

Clyde — Sat, 30 Aug 2014 21:40:28 +0000

Just received a letter from Wells Fargo regarding Mortgages that originated with World Savings & Loan which were sold to Wacovia and eventually taken over by Wells Fargo. Dropping the CODI index and going to the 1-Month Eurodollar deposits (London) index. This doesn’t bode well.

Comment on Wachovia COSI by don

don — Thu, 07 Aug 2014 19:49:01 +0000

As of 6/30/14, Wells Fargo reported to its shareholders that it paid an avg. .14% on its interest bearing accounts. The COSI for 6/30/14 was .90%. There is no explanation for such a large difference. Has anyone been able to determine what data and adjustments are used by Wells? How are the rates weighted?