Thursday, federal regulators seized mortgage lender Washington Mutual. The Seattle-based thrift became the third “big name” lender to close its doors since July, joining IndyMac and Lehman Brothers. In 2007, these 3 lenders represented about 10 percent of the mortgage market and their subsequent failures are confusing American homeowners. The most prevalent question: If my mortgage lender […]
Am I Still in Debt if My Lender Fails?
September 28th, 2008 · Comments Off on Am I Still in Debt if My Lender Fails?
Tags: Economy · Mortgage Lending