Search for: "Wachovia Mortgage"
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9 Oct 2009, 7:12 am
Wachovia's slow start is a serious problem for borrowers like Bell, who has an option ARM mortgage (called Pick-A-Pay by the lender) on his San Diego County home. [read post]
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]
2 Jul 2008, 5:06 pm
Wachovia Corporation announced this week that it is taking a number of actions to help its mortgage customers deal declining home values and other challenges in today's economy. [read post]
9 Jul 2008, 8:20 pm
Updated: Wachovia has announced that it has picked Robert K. [read post]
14 Apr 2008, 1:16 am
But as the global credit crisis shows, those models failed to keep many major U.S. and foreign financial firms from making bad bets on mortgages. [read post]
14 Apr 2008, 4:00 am
Wachovia’s move was prompted by mounting housing losses and an ill-timed acquisition of big California mortgage lender Golden West Financial. [read post]
29 Sep 2008, 7:39 am
"Pick-a-pay"But Wachovia also holds more than $122 billion in so-called Pick-A-Pay or Option ARM mortgages, as of July 22. [read post]
20 Sep 2011, 9:40 am
Wachovia Mortgage Corporation, --- Cal.Rptr.3d ----, 2011 WL 3659938 (Cal.App. 4 Dist. 2011) Authored by: Alejandro E. [read post]
8 Apr 2011, 12:00 pm
The Securities and Exchange Commission has announced its intent to bring charges against Wachovia Corp. for assessing usurious fees against its investors for collateralized debt obligations (some of which containing mortgages). [read post]
20 Sep 2011, 12:31 pm
The widely-covered $2 billion settlement in In re Wachovia Corp. [read post]
7 Oct 2010, 2:02 am
Wells Fargo Bank has entered into a settlement that provides loan modifications for residents in Washington and seven other states who obtained problematic mortgages from Wachovia Bank and Golden West Corp., which did business as World Savings Bank. [read post]
17 Apr 2007, 1:03 pm
"High court backs Wachovia in mortgage oversight case": MarketWatch provides this report. [read post]
17 Sep 2008, 11:30 pm
The details are sketchy and Wachovia has its own exposure to the mortgage crisis. [read post]
7 Apr 2011, 10:56 pm
The SEC claims that in 2007, Wachovia Capital Markets misrepresented to investors in Longshore 3, a $1.3 billion CDO, that assets had been acquired from Wachovia affiliates on an “arms’-length basis” when actually, 40 residential mortgage-backed securities were transferred at $4.6 million over market prices. [read post]
5 Apr 2011, 12:12 pm
The SEC announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in misconduct in the sale of two collateralized debt obligations (CDOs) tied to the performance of residential mortgage-backed securities as the U.S.... [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
Wells Fargo has agreed to provide more than $150 million in mortgage relief to homeowners who obtained the adjustable-rate loans through Wachovia Corp. and Golden West Corp. [read post]
1 Nov 2010, 8:11 am
Sixto Figueroa, 58, his wife Susy Figueroa, 45, Rolando Herrera, 64, and Manuel Garcia, 41, all of Miami, Florida, were all found guilty of participating in a mortgage fraud scheme that resulted in the issuance of $832,118 in mortgage loans from Wachovia Bank. [read post]
6 Apr 2011, 9:25 am
As reported April 6 by Investment News, the SEC’s complaint alleges that Wachovia failed to inform investors in another CDO that it had transferred 40 residential mortgage-backed securities from an affiliate at above-market prices to avoid losses on its own books. [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]
