Wells Fargo partnered with Fannie Mae to roll out a new 3 percent down loan program with easier qualifying guidelines catered to first-time homebuyers and low- to moderate-income borrowers. Wells Executive Vice President Brad Blackwell told Inside The GSEs that yourFirstMortgage will replace three other high-LTV GSE programs it offers. “We’ve created a single, hybrid product,” he said. In addition to a high loan-to-value ratio, the program allows downpayment and closing costs to come from gifts and downpayment assistance programs. It also offers expanded income and credit guidelines. The need to expand access to credit has been a reoccurring theme in the industry, and Wells said it’s doing just that by considering FICO scores as low...