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S.A. ranks near top in U.S. in subprime home-refi lending activity – The subprime lender agrees to take on the added risk of making a loan to credit-impaired borrowers, such as a home buyer or refinancer, in exchange for charging a higher interest rate. the Vision.
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Wachovia agrees to buy World Savings Bank – It is expected to provide an internal rate of return of 17 percent. It also operates a retail mortgage business under the name Wachovia Securities in 49 states and in Latin America. In San Antonio,
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Mortgage company calculations of escrow payments come under scrutiny – When it comes to unhappiness with a mortgage company, Mr. Harrison certainly isn’t alone. When a local newspaper reported on escrow account problems in San Antonio last year. Furthermore, he said,