http://www.biggerpockets.com/renewsblog/2008/07/22/another-one-bites-the-dust-wachovia-shuts-mortgage-unit/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.biggerpockets.com/renewsblog/2008/07/22/another-one-bites-the-dust-wachovia-shuts-mortgage-unit/#comment-58613 Miami Real Estate Attorney Wed, 23 Jul 2008 19:38:10 +0000 http://www.biggerpockets.com/renewsblog/?p=1121#comment-58613 I don't see it as bad for the consumer. The best rates are often obtained by calling the lenders directly, as they do not have to pay any fees to the mortgage broker. It will also eliminate mortgage broker fraud. I don’t see it as bad for the consumer. The best rates are often obtained by calling the lenders directly, as they do not have to pay any fees to the mortgage broker. It will also eliminate mortgage broker fraud.

]]> http://www.biggerpockets.com/renewsblog/2008/07/22/another-one-bites-the-dust-wachovia-shuts-mortgage-unit/#comment-58576 Brecht Palombo Wed, 23 Jul 2008 01:29:24 +0000 http://www.biggerpockets.com/renewsblog/?p=1121#comment-58576 Wachovia is not leaving the mortgage business it is eliminating its wholesale business. It will still sell mortgages but reduce its risk by taking the sales process in-house. There is a big difference between getting out of the mortgage business and eliminating mortgage brokers as a source of new originations. Wachovia is not leaving the mortgage business it is eliminating its wholesale business. It will still sell mortgages but reduce its risk by taking the sales process in-house. There is a big difference between getting out of the mortgage business and eliminating mortgage brokers as a source of new originations.

]]> http://www.biggerpockets.com/renewsblog/2008/07/22/another-one-bites-the-dust-wachovia-shuts-mortgage-unit/#comment-58565 Hostmonster Tue, 22 Jul 2008 17:21:18 +0000 http://www.biggerpockets.com/renewsblog/?p=1121#comment-58565 Wachovia Corp has been badly hit by the falling market in the US household sector.What they are doing is absolutely rite. Wachovia Corp has been badly hit by the falling market in the US household sector.What they are doing is absolutely rite.

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