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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of Washington Mutual Bank , which was the largest savings and loan association in the United States until its collapse in 2008.
Between 2003 and 2008, WaMu and its primary subprime lender, Long Beach Mortgage Company, dumped low-risk 30-year fixed-rate loans and loaded up on more profitable, but problem-plagued, high-risk ...
By September 12, 1917, it was operating under the name Washington Mutual Savings Bank. [3] In mid 2008 WaMu suffered a massive run where customers pulled out $16.7 billion in deposits in a ten-day span. On the night of September 25th the Office of Thrift Supervision seized WaMu Bank and placed it into the receivership of the FDIC. The FDIC then ...
We are tracking rates daily to see the impact on hopeful homebuyers, so as of today, January 16, 2024, 30-year fixed mortgage rates are down from this time last week, as are 30-year fixed ...
Retrieved from "https://en.wikipedia.org/w/index.php?title=Washington_mutual_bank&oldid=69854591"
Agency infighting and regulators' repeated disregard of shoddy lending practices allowed Washington Mutual Bank, a $300 billion thrift and the sixth largest U.S. depository institution before it ...
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