Tag Archive for: WAMU

Missed Rent Payments Are OK – Or Are They?

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WOULD YOU DO THIS LOAN? It was sometime in 2006 when a rep I knew well from the now defunct Washington Mutual (WaMu) called me to ask if I personally would “do the loan” that I submitted. My answer was of course not. It was a 90% combined loan-to-value (LTV) loan (1st and 2nd mortgage […]Read More

Janitor Changes Entire Company; Listening To People In The Trenches

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ARROGANT WASHINGTON MUTUAL EXECUTIVE SHUTS ME DOWN Prior to the 2008 meltdown, I sent more loans to Washington Mutual (WaMu) than any other broker. As a result, I had the “privilege” of meeting one of WaMu’s senior executives. Our brief conversation drifted to the types of loans that WaMu offered, and I mentioned that I […]Read More