03/14/2013
https://www.congress.gov...
"Now, specialty lending is what Washington Mutual called its subprime operations after it abolished Long Beach as a separate entity and took over the subprime lending function itself, right?"
"So 132 sampled were identified with red flags, reading from this report, and of that, 115 had confirmed fraud."
"And those were high risk?"
"There should be a reasonableness test when these subprime mortgages are originated."