Tuesday, April 08, 2008
WaMu takes its business to another level -- and it's not good
Washington Mutual announced today that it would no longer make wholesale loans. What does that mean? A regular broker can no longer get a buyer a deal through WaMu. If you want a WaMu loan, you must go to a WaMu office. This is just another way that consumer choice is being eroded now in our new lending "climate."