An Era Ends with ARM Pioneer Golden West Merging with Wachovia in $26 billion Deal
May 12, 2006
Such a market moving deal is rare these days, but Wachovia has struck an agreement to buy option ARM lender Golden West Financial for $25.5 billion. The merger would catapult Charlotte-based Wachovia well into the top 10 ranking of mortgage originators. For the first three months of this year, Wachovia was the 10th largest originator, according to our affiliated newsletter Inside Mortgage Finance. …