Submitted: Jul 2, 2008 - In a rare indication that there may be some reasonably intelligent executives running things at America's top banks, Wachovia Corp. (NYSE: WB) has decided that it will stop offering a mortgage that allows customers to pay less each month than the bank charges in interest.
Hold on. What? The "Pick-a-Payment" mortgages allowed borrowers to choose one of four payment options each month -- as in,…
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