Delaware Mortgage Loans

Wachovia Corporation announced on Monday July 21, 2008 that it was shutting down its wholesale mortgage business.  Beginning July 25, 2008 Wachovia will no longer be offering mortgages through mortgage brokers.  Wachovia is the nation’s 4th largest bank and this move follows some other banks such as Bank of America which closed its wholesale division months ago.  Washington Mutual is another big bank that closed its wholesale division.   National City is another big bank that closed down its wholesale division.

Wachovia didn’t annouce how many jobs would be lost by the closing, but more annoucements are expected on Tuesday.

If you have a Delaware Mortgage Broker who was giving you a loan through Wachovia, you need to find a new loan fast.  Please feel free to call me (John Thomas) to discuss what your Delaware Mortgage Loan Options will be now that Wachovia is closing its wholesale division.  I have similiar loan products available through other lenders so we don’t wait to call or send me an e-mail to DelawareMortgages@yahoo.com.