Should it be?
Asset quality. Weak asset quality. It brought on the liquidity problems.
OTS recommended to WaMu that it should compensate loan processors based on the quality of the loans that they made.
the sheer size of the bank would say that there should be a maximum of cooperation, not to mention the fact that it is dictated by statute, ...
About the only time OTS showed backbone was against another agency's moving, in your view, into your turf.
I think it is important to point out that although Washington Mutual has been referred to as the largest failure in American history, in fac...
Loans were risky, were they? They had multiple risk factors layered on top of each other.
But will you remind all the institutions?
What consequences can you expect when most customers only make minimum payment in terms of the borrower's reaction to a payment shock?
When I asked, what was the reason given by OTS, they said, 'We weren't given any reasons.'
This is far too cozy?