Wachovia has ceased funding alternative-A credit mortgages through brokers.The decision was made Aug. 2, according to a company spokesman. Other companies have also recently begun growing wary of the product niche, among them Wells Fargo (see item above). Wachovia can be found on the Web at http://www.wachovia.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry