Six years. That’s how long it takes financial institutions to start forgetting the scars and nightmares of the credit crisis that came out in full force in September 2008 and extended throughout much of 2009.

Wells Fargo, the strongest of the “Big Four” banks in the United States, has re-entered the market of subprime lending:

A less-than-perfect credit score is no longer an obstacle to buying a single-family home or townhouse in Southern Nevada.

Following a recent decline in demand for refinancings, Wells Fargo &Co., the nation’s largest mortgage lender, is easing some mortgage loan qualifications to boost lending.

Wells Fargo will drop its minimum credit score for loans backed by the Federal Housing Administration to 600 from 640. The change applies only to purchase loans, not refinances, taken out through its retail business.

“We are giving access to credit for the first time to low- and middle-income homebuyers,”

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