We are hearing about the impending shutdown of wholesale mortgage operations at Wachovia...


bestmortgage4u at 12:44 2008-07-21 said:
Yup, that's what it looks like. A friend just started there last week, and was told today that they were closing. I wonder what this industry is going to look like a year from now? Permalink
rgb at 13:12 2008-07-21 said:
Vertice will stay. Old World Savings & any PAP products are done. This should come as no surprise. Earnings report tomorrow may be factor. Wachovia aka World division was bound to be blown up. Who wants to bet B of A tries to sell off parts, or eventually faces same thing due to Countrywide purchase? Better days ahead, RGB Permalink

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