Today, in his first earnings ...Wachovia Corp. Chief executive Bob Steel, hired less than two weeks ago to bring the struggling bank back to its former glory, had hinted that he envisioned a smaller, leaner Wachovia. announced a whopping second quarter loss of $8.9 billion this morning, with plans to shake up its unit, slash its dividend payout to shareholders, and cut thousands of jobs. There are always two sides to every coin. As with all things, online mortgages, for all their many benefits, do have a certain disadvantage. And this certain disadvantage is enough to cause some people from engaging in such. Because part of the transaction is done online, people are hesitant to pursue online mortgages.
