Ah, nothing like sitting down with a cup of tea and reading the morning news. And if you follow the financial sector, it continues to be bad news after bad news after bad. This morning’s shocker was the spectacular failure of WAMU. I just recently wrote about WAMU a few weeks ago. They offered me [...]
Posts Tagged ‘WAMU’
WAMU fails, sold off to JP Morgan
Posted in financial, real estate markets, tagged housing crisis, mortgage market, real estate markets, WAMU on September 26, 2008 | Leave a Comment »
Smart loan modification strategy from WAMU
Posted in financial, real estate markets, tagged ARM reset, housing crisis, loan modification, WAMU on September 7, 2008 | 9 Comments »
I had an 5 year ARM on a duplex whose fixed interest rate was about to expire. As I previously written it was a dilemma. Refinance and increase my already negative cash flow by hundreds of dollars. There are no investor loans out there for 5.6% (my current rate). Or try to sell [...]
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