Wachovia Unloads Its Subprime Servicing Unit HomEq to Barclays for $469 Million Cash
July 7, 2006
Barclays Capital is ready to dip into its cash reserves and spend $469 million to buy Wachovia’s subprime servicing unit, HomEq Servicing Corp. The acquisition is just one of several that have taken place over the past year as Wall Street firms look for ways to expand their securitization businesses. …