Thanks to Max for the tip. Looks like equibanc is no more. Per their Website :
For Immediate Release
Wachovia recently conducted an intensive strategic review of its mortgage business which has altered the company's approach to the origination of non-conforming loans. As a result, Wachovia has elected to close EquiBanc Mortgage - Wachovia's only business dedicated solely to non-conforming loans.
If you have any questions, please contact your Account Executive.
Friday, January 19, 2007
Equibanc is no more?
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5 comments:
Who the hell is next? This is getting very interesting!
This is from the bokers outpost.
From the rumblings I have been reading on several web sites, one of the top three/five is next to implode......
Lot's more to come, get your popcorn ready.
Coast Financial is a Bank. That mens A-paper loans. Wow I wonder how much collateral they have. It appears they will have first deed on the land, maybe that is enough.
Crispy,
Start a running list of these closures.
I would like to link to resource like that.
Go to this site to see a count down of the imploding sub prime lenders. There are going to be lots of bag holders losing billions of dollars....possibly your pension fund.
http://ml-implode.com/
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