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Loan Modification

: Loan Modification & Home Loan News

Bank Regulators Failed to Supervise Washington Mutual

By Moe Bedard

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Seattle-based Washington Mutual became the biggest bank failure in history when it filed for bankruptcy in September 2008 at the height of the global financial crisis. Regulators then seized the operation before selling it to JPMorgan Chase & Co for $1.9 billion. The Times reported the investigative report found that two agencies overseeing Washington Mutual “feuded [...]

Full post as published by Loan Modification & Home Loan News on April 12, 2010 (boomark / email).

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