Wachovia’s CEO Ken Thompson Get’s the Boot!

Another CEO Gone Give Wachovia’s board credit for honesty. The board fired Ken Thompson, who had been chief executive since 2001, and did not mince words in explaining why he was leaving. It is not clear what ... More... (Mortgage News)
Add a Comment , , June 2nd, 2008

Wachovia negotiating for $7 billion infusion: report

SAN FRANCISCO (MarketWatch) -- Wachovia Corp could announce as soon as Monday that it is getting a capital infusion of as much as $ billion dollars from outside investors, according to a media report. terms of ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment April 14th, 2008

Report: Wachovia halting some loans in Inland Empire, Central Valley

Wachovia Corp. is halting Pick-A-Payment mortgage loans in the Central Valley and Inland Empire, according to a report in The Charlotte Observer. In the 17 counties in the two regions, Wachovia will cease to offer mortgages ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , , April 2nd, 2008

Fueling Housing Decline, Lenders Retreat From Tough Markets

In the nation's worst-hit real estate markets, home sellers are suffering a new blow: They're being blacklisted by lenders. As property values decline and credit markets contract, home lenders nationwide are growing ever more unwilling to ... More... (Foreclosure News, Education, and Updates, Real Estate News)
Add a Comment , , , March 1st, 2008