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Wednesday, June 18, 2008

WaMu Halts all NegAm Loans

by Calculated Risk on 6/18/2008 09:17:00 PM

Press Release from WaMu:

WaMu will discontinue all negative amortizing loan product options, and will also cease to offer its WaMu Mortgage Plus™ loan product.
The Mortgage Plus loan combined a first with a home equity line of credit.

Posted by Calculated Risk on 6/18/2008 09:17:00 PM