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."

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