Real estate blog entries tagged with shutting down by Oak Valley Mortgage-California Home Loans and Refinancing

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Home : Blogs : Scott Gormley : California Home Loans-Purchases-Refinances : Tag "shutting down"

shutting down: Wachovia Wholesale Lending to Shut Down? - 07/21/08 02:19 PM

We are hearing about the shutdown of wholesale mortgage operations at Wachovia, with a Press Release due out at 1:00pm EDT. This morning, we received the following:
"Wachovia wholesale is shutting down today. Press release at 1PM."
"All us reps were told this morning by top managment that wholesale will be completely shutdown by August 31st and a conference call will be this afternoon. All reps were called Sunday afternoon on the east coast...both Portfolio and marketable products."
The info is coming in from various sources including tipsters, forum members and outside sources - many of whom are (or were) Wachovia … (5 comments)

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Scott Gormley

Chico, CA

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