|
| |
washington mutual: 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)
|
washington mutual: WAMU....are you wise or stupid? - 10/02/07 09:58 AM
Hey Wamulians:
My name is Kerry Killinger, and I really need to justify my job right now as CEO of this animal that we call WaMu. Washington Mutual was too boring, and sounded too much like a responsible lender, so we've decided to shake things up a little. If we're lucky, nobody will figure out that just shy of 80% of our portfolio of business is Option Arm (negative amortization) business, and of that close to 55% is stated income....this of course does not include our subprime or Alt A business, but let's not worry about that for now......
… (35 comments)
|
|
|
|
|
|
Bill Nazur
Corona,
CA
More about me…
Address: Corona, CA, 92882
Office Phone: (949) 274-8950
Email Me
All Real Estate....all the time....how Real Estate can help you achieve your goals, as well as what is wrong with the industry. Pure, unabashed honesty. Critical to my mission is to help underserved families and communities improve their position to create a legacy for their children.
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)