Real estate blog entries tagged with wamu by Chris Goulart (All California Lending)

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wamu: Washington Mutual Closes Their Wholesale Lending Division - 04/11/08 12:01 AM

Today Washington Mutual accepted it's last loan from a broker. As of April 11, Washington Mutual will be shutting down their wholesale lending division, with up to an anticipated 3,000 job cuts. This after securing $7 billion in new capital and reducing their quarterly dividend to a penny.
In emails this week, Washington Mutual set the time table for existing loans in their pipeline to close. April 10 will be the last day to submit loans to their wholesale division. Any loan not submitted by close of business will not be accepted.
Washington Mutual anticipates closing all wholesale sales centers by May … (0 comments)

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Chris Goulart

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