Search for: "Wachovia Mortgage Company" Results 1 - 20 of 148
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27 Aug 2007, 4:55 am
Wachovia has sued the jumbo-mortgage specialist Thornburg Mortgage for failing to return collateral used in a derivatives transaction. [read post]
29 Sep 2008, 7:39 am
"We are focused on managing our company and serving our customers with excellence," a spokeswoman for the company said. [read post]
12 May 2008, 9:19 am
" In a class action against three mortgage lenders, a Missouri jury ordered defendants Residential Funding Company LLC, Household Finance Corporation III and Wachovia Equity Servicing LLC to pay $5.1 million in compensatory damages and $99,000,000.00 in punitive damages. [read post]
7 Oct 2010, 7:03 am by On the Net
Arizona Republic:  “Mortgage relief is on the way for Arizona homeowners who took out ‘pick-a-pay’ loans from two companies that since have been acquired by Wells Fargo. [read post]
6 Oct 2008, 2:16 pm
  Some say the magnitude of losses Wachovia will have to take due to mortgage defaults is grossly overstated, so the FDIC might not have to backstop anything. [read post]
4 Oct 2011, 8:22 am
Mudd, told investors that the Company had approximately $3 trillion dollars at risk in residential home mortgages, but that the Company only had reserves of approximately $41 billion. [read post]
6 Dec 2011, 3:27 am by Kevin LaCroix
Securities suits involving these defunct companies have settled for much smaller amounts that those involving solvent companies. [read post]
8 Aug 2011, 1:49 am by Kevin LaCroix
  In their May 2010 amended consolidated complaint, the lead bond/note plaintiffs alleged that in offering materials related to various Wachovia bond and note offerings, the defendants misrepresented the nature and quality of Wachovia’s mortgage loan portfolio and made  material misstatements regarding the risk profile and quality of the $120 billion pick-a-pay adjustable rate residential mortgage portfolio that Wachovia acquired in the… [read post]
8 Aug 2011, 1:49 am by Kevin LaCroix
  In their May 2010 amended consolidated complaint, the lead bond/note plaintiffs alleged that in offering materials related to various Wachovia bond and note offerings, the defendants misrepresented the nature and quality of Wachovia’s mortgage loan portfolio and made  material misstatements regarding the risk profile and quality of the $120 billion pick-a-pay adjustable rate residential mortgage portfolio that Wachovia acquired in the… [read post]
26 Jul 2010, 8:43 am by David M. Trontz
The mortgage fraud scheme resulted in losses to the former Wachovia Bank in excess of $800,000. [read post]
7 Apr 2009, 5:53 am
Phone: 800-347-7272 These numbers and the identities of the banks and mortgage companies are changing every day. [read post]
24 Dec 2008, 2:12 pm
Shareholders at Wachovia and National City — two banks hit especially hard by the mortgage disaster — just approved takeovers of the banks by stronger rivals. [read post]
29 Oct 2009, 1:39 pm
We often assume the company we make our payments to - Litton Loan, Bank of America, Wachovia, Wells Fargo, etc. actually owns the note. [read post]
13 Jan 2014, 7:46 am by Allison Tussey
Seven defendants have been charged with running an alleged mortgage fraud scheme which resulted in the approval of approximately $49.6 million in fraudulent loans, and millions in losses to the lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank. [read post]
9 Nov 2011, 7:04 am
Bank, Wachovia Mortgage, Washington Mutual (WaMu), and Wells Fargo Bank, N.A. [read post]
12 Jun 2019, 12:00 pm by ccollins
The government-owned mortgage company had invested in over $1B in RMBSs backed by NovaStar loans prior to the 2008 financial crisis. [read post]