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Loan Modification

: Mortgage Lender Implode-o-Meter

WaMu?s Top Gun Loan Officers Targeted Low-Income Minorities to Rob the Bank and the Nation

By Implode-Explode Heavy Industries

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Remember when working in a bank?s lending department meant saying ?NO? to people fairly often in order to protect the bank from losses that could lead to the bank being in financial jeopardy? People that have spent their careers working at banks in their underwriting departments certainly do. And that?s what precisely what made many bank employees so shocked when, during our last housing boom, they were told that their job had changed. Now they were never to say ?NO?.

Full post as published by Mortgage Lender Implode-o-Meter on April 16, 2010 (boomark / email).

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