The Burnside Blog
WAMU Axes Wholesale Mortgage Biz
In the latest round of carnage to result from the overall housing slowdown and subsequent market correction, one of the nation’s most prolific home lenders and the largest bank in the Pacific Northwest is cutting 3,000 jobs and closing all 186 of its stand-alone mortgage offices. Washington Mutual will continue to issue home loans through its 2,200 regular bank branches.
