Washington Mutual Bank Locations
January 9th, 2012Washington Mutual Bank Locations even offers an opportunity to combine your home equity loan with a fixed rate loan. Washington Mutual Bank also has lots of Liar’s Loans, and some speculate that it will be the next big bank to fall after IndyMac Bank. Some say Liar’s Loans were sought after, because it was an easy way to acquire more bank-owned properties faster.
Account is subject to approval. Offer limited to one per household. Account holder authorizes charges to appear on wireless bill or be deducted from prepaid balance.
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Washington Mutual Bank Locations ran into trouble after it got caught up in the once-booming subprime mortgage business. Troubles then spread to other parts of WaMu’s home loan portfolio, namely its “option” adjustable-rate mortgage loans. WAMU was a great bank to do your banking with — while they lasted anyway. WaMu has had enough and has filed a suit against JPM, trying to recover its $4 billion in deposits. WaMu, claims the money is being held by its former subsidiary, Washington Mutual Bank, which JPMorgan bought for $1.9 billion last year (not a bad deal if we may say so ourselves: you buy $1 for less than 50 cents on the dollar, with the FDIC guaranteeing any potential losses on the transaction).