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Real Estate & Property Law

: Housing Wire

At WaMu, a Lack of Oversight

By PAUL JACKSON

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Want the latest evidence of just how fast and loose the RMBS game was played during the recent run-up in housing and mortgage securities? Look no further than an obscure downgrade to the master servicing arm at failed thrift Washington Mutual. Fitch Ratings said Tuesday that it had cut its U.S. residential mortgage master servicer rating [...]

Full post as published by Housing Wire on November 19, 2008 (boomark / email).

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