They Stated They Were Leaders? WAMU Exits Wholesale Lending
WAMU said that they wanted to, “Strengthening the Mortgage Industry” in a recent press release and now they need their mom to help them goto the bathroom.
They unveiled a program that they said would change the industry and they would now apply mortgage industry leadership standards. So what happened to this industry leadership?
They only NOW offered full disclosure to clients, maybe they were better off not telling clients about the mortgage they were getting.
On a serious note, it is too bad for their stockholders, the hundreds of employees they are letting go and the millions effected by their what we have all come to realize is actually a ‘Lack of Leadership’.
Here is their political spin in an effort to try to look good.
April 7, 2008, WaMu announced significant changes affecting our Home Loans business. As part of this
announcement, and consistent with the company’s retail focused strategy, WaMu has made the […]
Original post by Admin