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???
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"