Tamara Heyward's (carolinarealt) Blog

And the other shoe drops. Wachovia has just reported a $393 million first quarter loss, and plans to cut 500 jobs. Much of the loss is attributed to Wachovia's expansion into the mortgage industry, just as this sector was about to collapse. I reported on Wachovia's ill-timed acquisition of Golden...

When I saw the television ad for Wachovia's Pick-a-Payment mortgage, my jaw hit the floor. I saw the commercial at least a month ago, but couldn't formulate a coherent blog entry until now - I was that irritated.In the midst of the fallout over shoddy lending practices, Wachovia chose to push THI...

The Triangle Multiple Listing Service has published the newest market stats, based on MLS activity. If you don't want to read the fine details, I'll summarize: there isn't much good news here.Still with me? OK, let's dive in...Durham is feeling the effects of the housing downturn, as is the rest ...