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SMB

49 Posts

Posted - 07/21/2008 :  2:31:18 PM
http://biz.yahoo.com/rb/080721/wachovia_mortgages.html?.v=1


This one hurts.
EquitySmart

1240 Posts

Posted - 07/21/2008 :  2:34:46 PM
They ALL hurt ... some maybe a little more than others ... but they ALL hurt ...
katbunk

2124 Posts

Posted - 07/21/2008 :  2:37:58 PM
There is another thread going on this. I guess I'm in a bad mood today, but what the he!!, they made great profits off of mortgage brokers in years past and now they're cutting us out.
KHufford

5911 Posts

Posted - 07/21/2008 :  2:38:47 PM
Did anyone post about this before? Why did I not hear or catch this on the news? Wow...
katbunk

2124 Posts

Posted - 07/21/2008 :  2:42:31 PM
nope, caught us by surprise this afternoon.
SMB

49 Posts

Posted - 07/21/2008 :  2:44:41 PM
I found out about it when I was looking at the stock on Yahoo...
MortgageBoarder

3972 Posts

Posted - 07/21/2008 :  2:45:41 PM
Yes there is a 2 page thread from this morning on it, sad stuff!
dtabar

762 Posts

Posted - 07/21/2008 :  2:47:06 PM
So far every lender that has been going out are the ones who were heavy on the option ARMs. Minus BofA and CW...that's another story.
acibella

618 Posts

Posted - 07/21/2008 :  3:51:27 PM
By the way, where's the guy that go crucified last week for saying he had a source that Wachovia was dumping wholesale on monday? The thread was on fire, everyone jumping in calling the guy everything but right. If I were him I have to admit, I'd come back today and drop out a few I told you so's (maybe he's a better person than me, but after the beating he took he deserves a little vindication)

AC
dkendall1979

10122 Posts

Posted - 07/21/2008 :  3:55:13 PM
I've learned to listen to the rumors.

quote:
Originally posted by acibella

By the way, where's the guy that go crucified last week for saying he had a source that Wachovia was dumping wholesale on monday? The thread was on fire, everyone jumping in calling the guy everything but right. If I were him I have to admit, I'd come back today and drop out a few I told you so's (maybe he's a better person than me, but after the beating he took he deserves a little vindication)

AC

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