Skip to main content

MortgageBrokers.com announces franchise opportunities

National Mortgage Professional
Oct 27, 2005

Wachovia acquires AmNetMortgagePress.comWachovia Corporation, AmNet Mortgage Inc., acquisitions Wachovia Corporation has announced that it will acquire AmNet Mortgage Inc. for $83 million. AmNet's board of directors has approved the proposed merger and has agreed to recommend that the company's stockholders vote to approve it. AmNet, which will remain headquartered in San Diego, will operate as a wholly-owned subsidiary of Wachovia Bank NA. The merger is expected to close in the fourth quarter of 2005. Wachovia will also continue to originate residential mortgages and home equity lines of credit through Wachovia Mortgage Corporation. The proposed merger is subject to customary conditions, including compliance with the pre-merger notification requirements of the Hart-Scott-Rodino Act and approval by AmNet Mortgage stockholders. Charlotte, N.C.-based Wachovia Corporation is a diversified financial services company that provides banking, asset management, wealth management and corporate and investment banking products and services. For more information, call (800) WACHOVIA or visit www.wachovia.com. Based in San Diego, AmNet Mortgage Inc. is a nationwide mortgage bank that operates in the wholesale and correspondent channels. For more information, call (888) 373-3974 or visit www.amnetmortgage.com.
Published
Oct 27, 2005
More from
Tech
Finance of America Fortifies Cybersecurity

Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.

Nov 15, 2023
Fraud Fighting Funding

Survey reveals biggest pain points for Chief Information Security Officers are 3rd party risk management and AI security

Oct 23, 2023
A Quest For The Digitally Confounded

Blockchain might have a transformative potential for the future

Oct 03, 2023
Robots Can’t Relate

Incorporating ChatGPT into mortgages has some originators concerned if artificial intelligence is a friend or a foe

Sep 27, 2023
AI Can Revolutionize Mortgage Licensing

Will AI unlock efficiency and accuracy in licensing or will it be an added compliance risk?

Sep 18, 2023
Snapdocs Promotes Michael Sachdev to CEO

Founder Aaron King becomes executive chairman.

Sep 14, 2023