Real estate blog entries tagged with mortgage implosion by Bill Nazur

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Home : Blogs : Bill Nazur : Bill Nazur--Mortgages and Advice Across America : Tag "mortgage implosion"

mortgage implosion: Breaking News....WAMU to shut down all RETAIL AND WHOLESALE lending offices at the end of this month - 04/07/08 06:31 PM

I always knew that the company was in some trouble, given all of the recent changes recently, but it seems like the deferred interest (neg am) loan has become the nail in their coffin.
A friend of mine on Wall Street just informed me that a huge conference call just occurred where Wamu announced that they will only handle loans through their branches, choosing to shut down all retail and wholesale lending offices at the end of this current month, April 30th, 2008.
As I receive transcripts or additional breaking news, I will let everybody know.
Bill Nazur has an extensive … (41 comments)

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Bill Nazur

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