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Florida industry appointments update - 10/10/2006

National Mortgage Professional
Oct 10, 2006

Wachovia Securities to create wholesale lending unitMortgagePress.comMortgage wholesale lending programs Wachovia Securities plans to create a wholesale lending organization, by combining its American Mortgage Network Inc. and Wachovia Mortgage Third Party Lending businesses. The new unit will be called Wachovia Securities Wholesale Mortgage and be a part of Wachovia Securities' corporate and investment banking group. The effective date of the unified entity, whose two component businesses totaled $19 billion in production in 2005, will be announced shortly. Richmond, Va.-based Wachovia Securities, a non-bank affiliate of Wachovia Corporation, is a provider of financial advisory, brokerage, asset management and other financial services. For more information, visit www.wachoviasec.com.
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