FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 WaMu to exit Wholesale? View next topic
View previous topic



Post new topicReply to topic
Author Message
Dolphin1
Dyn-o-mite!


Joined: 20 Mar 2007
Posts: 302
Location: In

Re: WaMu to exit Wholesale?
PostPosted: Mon Apr 07, 2008 10:09 pm Reply with quoteBack to top

As usual, the people that worked hard and knew what they were doing are out on their ear. The guys who screwed things up are still large and in charge with their cushy salaries.

Yes, I think WAMU management has been among the worst.

Good luck guys.

_________________
Damn the torpedos! Full speed ahead!
Old sailors never die, they just weigh anchor and sail on to a better port.
View user's profileSend private message
pbjen
Dud?


Joined: 19 Jan 2008
Posts: 23
Location: Illinois

Re: WaMu to exit Wholesale?
PostPosted: Mon Apr 07, 2008 10:56 pm Reply with quoteBack to top

Absolutely correct Dolphin.
Good luck and stay strong to the employees and their families

_________________
"Such as are your habitual thoughts, such also will be the character of your mind; for the soul is dyed by the thoughts." Marcus Aurelius
View user's profileSend private message
Theone
Dud?


Joined: 15 Mar 2008
Posts: 3

Re: WaMu to exit Wholesale?
PostPosted: Mon Apr 07, 2008 11:00 pm Reply with quoteBack to top

Yup, they are done. Announcement later today or tomorrow morning
View user's profileSend private message
loangodiss
Dud?


Joined: 21 Aug 2007
Posts: 4
Location: California

Re: WaMu to exit Wholesale?
PostPosted: Mon Apr 07, 2008 11:08 pm Reply with quoteBack to top

Just received an email from my corporate office. The following is an email they received from our Rep....

Dear Brokers:



Hey I wanted to let my friends know that I just heard WaMu is exiting the Wholesale lending business! The last day to submit a file electronically to us is 4-10-08 and we’ll be around to close out the remaining pipeline.



I’ll let you know more when I have more information, but suffice to say it’s been a pleasure working with you these last 15 years!



Your Friend

_________________
b] I am only as strong as the Cocktails I drink & the Hairspray I use!!!![/b]
View user's profileSend private messageAIM Address
UghMortgageBiz
Spontaneously Combusted


Joined: 12 Mar 2007
Posts: 2099

Re: WaMu to exit Wholesale?
PostPosted: Mon Apr 07, 2008 11:48 pm Reply with quoteBack to top

loangodiss wrote:
I’ll let you know more when I have more information, but suffice to say it’s been a pleasure working with you these last 15 years!


OK, not to say that the whole thing isn't sad, but it' THIS that pisses me off!

Good people who have been in the business for a long time, before this mess; losing their jobs.

Of course I don't know who this person is, I'm just making a general comment about those (new, money hungry know nothings) that ruined this industry for the ones in it for the long haul.
View user's profileSend private message
1986CareerGirl
Flash in the pan


Joined: 03 Dec 2007
Posts: 90
Location: California

Pretty sad
PostPosted: Mon Apr 07, 2008 11:58 pm Reply with quoteBack to top

and the bad news just keeps on coming, more people out of work. sad.
View user's profileSend private message
suzyQ
Wrecking crew


Joined: 13 Feb 2008
Posts: 1736

Re: WaMu to exit Wholesale?
PostPosted: Tue Apr 08, 2008 12:06 am Reply with quoteBack to top

This just in - Wamu will now close all the retail Home Loan Centers by end of month - so will be retracted down to BLC in branch level only.

_________________
"I think we consider too much the good luck of the early bird and not enough the bad luck of the early worm." FDR
View user's profileSend private message
mustbecrazy
Cherry Bomb


Joined: 31 Jan 2008
Posts: 195
Location: Northern California

Re: WaMu to exit Wholesale?
PostPosted: Tue Apr 08, 2008 12:26 am Reply with quoteBack to top

just totally sucks even if they are the competition, got be way over 100,000 positions down the drain industry wide now, this alone will be in the thousands, but hey like George keeps saying, "just a bump in the road"

_________________
From the Wisdom of Rat "People are american idol$ and I hate them"
View user's profileSend private message
brokeAE
Dyn-o-mite!


Joined: 13 Dec 2007
Posts: 384

Re: WaMu to exit Wholesale?
PostPosted: Tue Apr 08, 2008 1:09 am Reply with quoteBack to top

Dont you think that they are slimming down so they are more attractive to be purchased? Just my thoughts but it make sense to me. I am very sorry to all affectied by this decision. God Bless.
View user's profileSend private message
StephenF
Nitroglycerin


Joined: 08 Dec 2007
Posts: 716
Location: New Jersey

Re: WaMu to exit Wholesale?
PostPosted: Tue Apr 08, 2008 1:47 am Reply with quoteBack to top

Just received an e-mail from our AE...WAMU (wholesale) is done here in NJ
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT