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Volume 7 - Number 9 | April 25, 2008
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Wachovia Raises Capital, Adjusts Underwriting and Modeling in Wake of Losses on Option ARMs

After posting a $350 million loss for the first quarter of 2008, Wachovia last week sold $8.05 billion in stock options to boost investor confidence in the company, and pledged to tighten underwriting on the option adjustable-rate mortgages that were...

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