More Wachovia Smoke and Mirrors

Date July 22, 2008

Bank Losses Forces Game Playing

Wachovia Reports Major Losses

today reported losses of over $8 Billion, well beyond any analyst’s expectation. With most of ’s losses coming from the mortgage market, which I would assume was made even worse by the purchase of Golden West…

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Wachovia Dumps Pick A Payment

Date July 1, 2008

Wachovia\'s Pick A Payment

No More Pick a Payment for

It appears that Charlotte NC based could no longer handle the negative press. They have officially dropped the Pick A Payment product from their mortgage portfolio. After spending all the time and money in buying…

Posted in Buying a Home, Mortgages, Refinance Comments No Comments »

Ed Nailor was on NPR

Date June 21, 2008


wfae-nprThis past Thursday, I was interviewed by Julie Rose, reporter with WFAE 90.7 FM, an affiliate of NPR (National Public Radio) here in Charlotte NC. Julie Rose was doing a story on ’s Pick A Pay mortgage loan and wanted to ask…

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