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 announce how many jobs would be lost by the closing, but more announcements 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 similar loan products available through other lenders so we don’t wait to call or you can APPLY ONLINE HERE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713