SEC probes WAMU Appraisal Practices

[Mike Kennedy]

http://www.housingwire.com/2007/12/21/sec-probes-wamu-on-appraisal-practices/

Citing unnamed sources, the Journal says the probe is in its infancy but will include “whether WaMu accurately disclosed to investors of mortgage-backed securities how its loans were appraised as well as whether the company properly accounted for its loans in financial disclosures to investors of the company.”

 

[LordofTexas]

Old Article



Mike,

That article was from 2007, I don't understand why you posted it. I was curious as I just got an "I've Moved" notice in the mail from a previous loan agent at WAMU indicating he's now at Wells Fargo. Although not indicative of several other "Account Executives" I knew with 15 years at WAMU, he was one of the worst offenders I knew. BTW, WAMU stock went from $55 when I had it to a current $9 and change recently.

 

[Joyce Potts]

I think one word can sum up the WAMU - eAppraiseIT relationship:

rutro

 

[JRS at OBX]

I think one word can sum up the WAMU - eAppraiseIT relationship:

rutro

That wasn't quite the word I was thinking of, but it works!! :new_smile-l:

 

[Oregon Doug]

I think one word can sum up the WAMU - eAppraiseIT relationship:

rutro

There is A LOT more to it than that - going all the way back to the early 90's.

Oregon Doug

 

[Mike Kennedy]

INFO purposes.

Mike,

That article was from 2007, I don't understand why you posted it. I was curious as I just got an "I've Moved" notice in the mail from a previous loan agent at WAMU indicating he's now at Wells Fargo. Although not indicative of several other "Account Executives" I knew with 15 years at WAMU, he was one of the worst offenders I knew. BTW, WAMU stock went from $55 when I had it to a current $9 and change recently.

http://appraisersforum.com/showthread.php?t=139654 :icon_idea: