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Home : Home Mortgage Loan : Adjustable Rate Mortgage : MSN Newsfeeds : Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg

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Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg

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This article related to: Adjustable Rate Mortgage

Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...

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