Wachovia lays off wholesale mortgage division
July 21, 2008 by admin
Filed under Real Estate Blog
Another one bites the dust! So apparently Wachovia has decided another $8.9B in write downs is enough and opted to exit the wholesale lending business completely. C’mon, what another $125B to write off considering that’s how much bad loans they have on their balance sheet. Can you believe these clowns actually bought …