WaMu tightens mortgage ship

Sues IndyMac for breach of contract, cuts thousands of staff

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

The abrupt slowdown in the home loan refinance market apparently has sent some lenders on a mission to clean house of all bad loans.

Washington Mutual last week filed a lawsuit against IndyMac Bancorp for alleged breach of contract involving loans it acquired from IndyMac after buying PNC Mortgage Securities in 2001.