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Wachovia ends wholesale mortgages (US bank)

neverdespairgirl Posts: 16,501 Forumite

23 July 2008 at 1:56AM in Debate House Prices & the Economy

Wachovia, the fourth-largest US bank, has said it is to stop offering mortgages via brokers from 25 July.
It follows others, such as Bank of America, who left the wholesale mortgage business earlier this year, and National City.
Wachovia said the firm "recognised some opportunities to re-position our business" in current market conditions.

http://news.bbc.co.uk/1/hi/business/7518938.stm

...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.

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Wachovia ends wholesale mortgages (US bank)

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