Mortgages News
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Wachovia Agrees To Buy Golden West For $26 Billion
8 May 2006
source:
morningstar.com
NEW YORK (Dow Jones) -- Wachovia Corp., after falling short in efforts to bring off a major acquisition last year, agreed to buy California's Golden West Financial Corp. in a $26 billion cash-and-stock deal that would add to its presence in the West and put it deeper into the volatile mortgage business. The deal, announced late Sunday, comes 10 months after Wachovia (WB) fell short in a bid to ... |
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Party over for fixed rate fans
8 May 2006
source:
thisismoney.co.uk
Jo Thornhill, Mail on Sunday8 May 2006 ATTRACTIVE fixed-rate mortgages are on the way out. Most major lenders, including Abbey, Halifax, Northern Rock and Portman, have increased their fixed rates by up to 0.1 percentage points in the last few weeks. Nationwide has increased rates twice since the start of the year. SWITCHED: Gareth Hall and Rowena Naylor switched to a tracker mortgage when their fixed rate deal ended OTHER STORIES They've taken the door number 'High risk ... |
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Wachovia nears $26bn deal with Golden West
7 May 2006
source:
ft.com
By FT ReportersPublished: May 7 2006 21:58 | Last updated: May 7 2006 21:58Wachovia is nearing a $26bn deal to buy Golden West Financial, people close to the matter said. The purchase would give the north Carolina giant exposure to the fast-growing West Coast market. Golden West is the number two savings and loan bank in the US, giving Wachovia greater exposure to the mortgage market, which is expected to slow this year as interest rates rise. |
