PR-Inside.com logo PR-Inside.com 3 weeks ago

Fitch Withdraws Wachovia Mortgage's U.S. RMBS Servicer Rating

Refer to a friend 2009-11-02 22:27:02 - totaling approximately $70.3 billion. WFC had previously acquired Wachovia Corporation effective Dec. 31, 2008. The rating action was determined in accordance with Fitch's criteria 'Rating U.S. Full Article at PR-Inside.com

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  1. OAKLAND, CA - JANUARY 28: A sign is displayed on the exterior of a Wells Fargo bank branchJanuary 28, 2009 in Oakland, California.
  2. BERKELEY, CA - OCTOBER 03: Wells Fargo customers use ATM machines outside of a Wells Fargo bank branch October 3, 2008 in Berkeley, California.
  3. SAN FRANCISCO - OCTOBER 03: A pedestrian walks by a Wells Fargo bank branch October 3, 2008 in San Francisco, California.
  4. MIAMI - SEPTEMBER 29: People walk past an ATM at a Wachovia bank branch September 29, 2008 in Miami, Florida. Citigroup Inc. announced today that it will buy the banking operations of Wachovia Corp. for $2.1 billion and assume its senior and subordinated debt.
  5. NEW YORK - SEPTEMBER 18: People walk by the Morgan Stanley headquarters in Times Square September 18, 2008 in New York City. Morgan Stanley and Wachovia Corp. are reportedly discussing a possible merger following the collapse of Lehman Brothers Holdings Inc.
  6. NEW YORK - JULY 22: People stand next to a Wachovia bank July 22, 2008 in New York City. Wachovia Corp. , the nation's fourth largest banking firm, posted a loss of $8.9 billion in its second-quarter and cut its dividend by 87 percent to 5 cents a share. It also plans on eliminating 6,350 jobs.
  7. SAN FRANCISCO - APRIL 14: A pedestrian walks by a Wachovia Bank branch office April 14, 2008 in San Francisco, California. Wachovia Corp. , the fourth largest bank in the U.S. , reported a first-quarter loss of $393 million and plans to cut its dividend to raise nearly $7 billion.
  8. PHILADELPHIA - FEBRUARY 1: Members of 'Dr. Bigtime's' entourage enter the stadium for Wing Bowl 16 at the Wachovia Center February 1, 2008 in Philadelphia, Pennsylvania. Over 20,000 people came to watch Joey Chestnut win Wing Bowl 16 by eating 241 buffalo wings.
  9. David Rader of Wells Fargo, left, participates with members of the money lending industry during the Small Business Financing Forum, Wednesday, Nov. 18, 2009, at the Treasury Department in Washington. At right is Steve Steinour of Huntington Bank.

Cast of Characters

  1. Wells Fargo Wells Fargo
  2. Duke Energy Duke Energy
  3. J.P. Morgan Chase & Co. J.P. Morgan Chase & Co.
  4. CA Inc. CA Inc.
  5. James Mitchell