Industry News

Wachovia to exit subprime mortgage lending

Subsidiary EquiBanc has offices in 25 states
Published on Jan 26, 2007

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by CareyBot

Wachovia Corp. is closing its Marietta, Ga.-based subprime lending subsidiary EquiBanc Mortgage Corp., which has offices in 25 states and Washington, D.C. “Wachovia recently conducted an intensive strategic review of its mortgage business, which has altered the company’s approach to ...