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Loan Modification

: Mortgage Lender Implode-o-Meter

Top ex-WaMu executives come before Congress

By Implode-Explode Heavy Industries

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"WaMu's pay system rewarded loan officers for the volume and speed of the subprime mortgage loans they closed on. Extra bonuses even went to loan officers who overcharged borrowers on their loans or levied stiff penalties for prepayment, according to the report being released by the investigative panel of the Senate Homeland Security and Governmental Affairs Committee."

Full post as published by Mortgage Lender Implode-o-Meter on April 13, 2010 (boomark / email).

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Lawsuits and Settlements

WaMu Mutual Stock Class Action Settlement Proposed
WaMu Mutual Stock Class Action Settlement Proposed

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