You heard it here, it's absolutely true.

JP Morgan bought up 1.9 BILLION in WaMu Assets

Account holders will be experiencing a "seamless" transition - and they are protected by FDIC Insurance up to $100K per account.

How does this change things?

Discuss

Posted by Denise Willer 'Where There's a Willer There's a Way' Las Vegas on 09/25/2008 10:37 PM

Comments (4)

WAMU in the Mortgage / Finance Channel

for buyers, for sellers, for realty professionals

4 Comments on Feds SEIZE Washington Mutual!

SEP

2008

Everything filters down and effects everyone of us.

The writing was on the wall. I don't think that Chase can handle the sheer number of WAMU short sales or foreclosures. It may be an excellent time to get a job at Chase - until the next buyout.

Denise,

I for one have not clue how this can affect us, and I donot have a penny or a mortgage with WAMU

This was a long time comming, Im suprised it happened so soon. The FDIC stepped in too on WaMu.

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Denise Willer 'Where There's a Willer There's a Way' Las Vegas

Las Vegas, NV

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Elite Realty

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