Jul 28 2008
Washington Mutual: WaMu and the $239 Billion in Outstanding Loans. $52.9 Billion in Option ARMs. Analysis for the Upcoming Year.
Washington Mutual has been taking a major hit with the current credit and housing crisis. Washington Mutual is down 71% on a year to date basis and with the recent announcement of a $3.3 billion quarterly loss, things will continue to be difficult. Washington Mutual is categorized under a S&L/Savings Bank and even given the [...]
Jul 23 2008
Mortgage CSI: Investigating a Countrywide Pay Option ARM under the Financial Microscope.
Unless you’ve actually gone through the hardship of losing your home through foreclosure, it may be difficult to understand the intricacies of how one mortgage loan can upset your entire budget. We get anecdotal stories of people having their loans reset or losing their home but we rarely get a glimpse at the loans. [...]
