Wachovia Home Equity

The Wachovia Home Equity / Loss Mitigation rep that called on that Monday morning four weeks ago was somewhat rude, so I told her that I was tired of the constant numerous calls which were tantamount to harassment AND, according to the ...

Speaking of writedowns, a mortgage trader told me that the Wall St. writedowns include not just subprime, but all mortgage related revaluations, including AltA, prime, home equity lines/HELOCs. Thats not to say everything has been ...

Chase shut home equity and subprime wholesale units, layoffs. Chase shut warehouse lending unit, cutting another 2800 WaMu jobs. Chase closed operation centers in CA and NJ Chase shut home equity processing center in Rochester, 300 layoffs ... Citi to buy Wachovia Citi to cut 9000 jobs. Citi cut about 30 jobs in structuredcredit group tied to mortgage losses. Citi to close Future Mortgages (UK) and CitiFinancial (UK subprime), layoffs ...

But as one sharp commenter pointed out in 2009: I think this has more to do with bolstering equity rather than being available for customers. All of that street corner real estate has more value than the subprime notes they are losing money on. Amen. But I recall almost fainting when a banker friend told me that Wachovias land lease at Preston and Mockingbird Lane ran $451000 a month, one of the costliest in the country. Wachovia, which is now Wells Fargo, ...

So unless the BofA interest rate is significantly lower than what you could get through the Home Equity Line, then it would not be better. Question: What is the meaning of HELOC maturing Wachovia is saying my home equity line of credit ...

Wachovia Corp. this evening named David Zwiener chief financial officer, marking the first major hire by new chief executive Bob Steel. The 54yearold executive from the Carlyle privateequity firm will join the Charlotte bank Oct. 1.