|Wachovia Corp. announced higher quarterly originations.
Second quarter residential fundings were $15.9 billion, rising $1 billion from the prior quarter, the Charlotte, N.C.-based company announced today. Business was $1.6 billion better than the same quarter during 2005.
And with a 6 percent reported increase in pending applications from Mar. 31 to June 30, Wachovia’s ongoing production is positioned to hold.
Home equity loans accounted for $8.9 billion of the latest numbers, Wachovia reported.
The consumer mortgage servicing portfolio was $44 billion at the end of the second quarter, the statement said.
Earnings at Wachovia were $1.88 billion, according to the second quarter report.
Wachovia is slated to acquire Golden West Financial.
So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...