Tag: Lenders

**UPDATE Meltdown? Bad Loans? Lender’s REAL dirty little secret

As most of you know who have read some of my diaries and comments, we are in Chapter 13 and in a battle with WaMu, our lender to keep our home. This has been quite the adventure and a real eye opener. When our problems with WaMu started in the fall of 2006 we were pretty sure we weren’t the only ones, fact is we aren’t, but we also had no idea and my guess is neither do you. Follow me below the fold for a sneak peek into Mortgage Lenders REAL dirty secret, the one that is more dangerous and pervasive than sub-prime loans.

Meltdown? Bad Loans? Lender’s REAL dirty little secret

As most of you know who have read some of my diaries and comments, we are in Chapter 13 and in a battle with WaMu, our lender to keep our home. This has been quite the adventure and a real eye opener. When our problems with WaMu started in the fall of 2006 we were pretty sure we weren’t the only ones, fact is we aren’t, but we also had no idea and my guess is neither do you. Follow me below the fold for a sneak peek into Mortgage Lenders REAL dirty secret, the one that is more dangerous and pervasive than sub-prime loans.