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Wachovia Cuts Mortgage Lending in 19 States (www.bloomberg.com)

Wachovia Corp, the fourth largest bank in the U.S., is planning to end its mortgage lending in 19 states. The move comes after the lender continues to face massive losses related to its 2006 acquisition of Gold West Financial Corp. The bank will eliminate 125 more jobs as part of the move.

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2 years 269 days ago by Tim

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