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Re: tanjazielman post# 401796

Friday, 07/18/2014 12:47:46 PM

Friday, July 18, 2014 12:47:46 PM

Post# of 749756
ONLY $26.3B are sub-prime loans...approximately 4% of total mortgages WaMu processed??? And only a fractional amount of sub-prime loans were foreclosed??? WTF... that's almost approaching historical average default rates... WHERE'S THE CRISIS HERE???

http://seattletimes.nwsource.com/ABPub/2008/09/25/2008204177.pdf

OTS Fact sheet for WAMU as of Sep. 25, 2008 states:
"Total loan servicing: $689.7 billion total loans serviced, including $442.7 billion in loans serviced for others and $26.3 billion of subprime mortgage loans"

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