On our other blog, Soapbox, in this week’s Sounding Bored post The Power of Yes! WAMU Pulls The Plug On All Residential Appraisal Department Employees, I was informed about WAMU’s decision during the actual conference call to their employees.
A real body blow to quality in the mortgage collateral assessment process. WAMU provides a great example of how not to run a financial institution. Sounds like WAMU is prepping to be purchased. Rumor has it as Citigroup.
Tags: Soapbox Blog