Tag Archives: wholesale lending

WaMu Moves On: Why Driving Brokers Out Is Not the Answer

by gina gardner on 10. Apr, 2008 in Mortgage Customers, Mortgage Marketing

While some of the biggest retail mortgage lenders shutting down their wholesale lending departments claim it’s a sound strategy for reducing loan fraud, I have to question their motives. B of A, WaMu, IndyMac, and others may accomplish a couple of less-than-altruistic goals — first, deflecting the blame for the mortgage mayhem and the brunt [...]

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