Comments on: Another one bites the dust… http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Charles Richey http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-332647 Charles Richey Thu, 22 Jan 2009 07:52:53 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-332647 Interesting that WaMu is still around, although they are owned by someone else. Of course all of their free services I'm sure will be disappearing. Lot of Nevada banks and mortgage companies disappeared last year and I'm sure a few more will go this year as well. Interesting that WaMu is still around, although they are owned by someone else. Of course all of their free services I’m sure will be disappearing. Lot of Nevada banks and mortgage companies disappeared last year and I’m sure a few more will go this year as well.

]]> By: Goodbye Yellow Brick Road | Rain City Guide http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326961 Goodbye Yellow Brick Road | Rain City Guide Mon, 20 Oct 2008 07:46:10 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326961 [...] its shine and turned to stone this past week. If the combined dreariness of fall in the Northwest, Wamu’s funeral, and the Seahawks SLOOOOW start wasn’t enough for us to ask for Lexapro during our next [...] [...] its shine and turned to stone this past week. If the combined dreariness of fall in the Northwest, Wamu’s funeral, and the Seahawks SLOOOOW start wasn’t enough for us to ask for Lexapro during our next [...]

]]> By: Matthew http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326141 Matthew Fri, 03 Oct 2008 23:03:27 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326141 Q-Diddy, Still optimistic about the market???? Q-Diddy,

Still optimistic about the market????

]]> By: Rhonda Porter http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326115 Rhonda Porter Fri, 03 Oct 2008 13:30:44 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326115 Looks like Wells is buying Wachovia: http://tinyurl.com/wellswacho Looks like Wells is buying Wachovia: http://tinyurl.com/wellswacho

]]> By: Pam Pugmire http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326066 Pam Pugmire Thu, 02 Oct 2008 17:01:11 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326066 I agree with some of the above. I am shocked at how long this has taken to happen, and I am shocked that so many people are shocked. When someone who works at McDonalds can get a zero down loan, one day out of bankruptcy, on a $400K house........that should be a clue that something is wrong with the lending industry! I agree with some of the above.

I am shocked at how long this has taken to happen, and I am shocked that so many people are shocked.

When someone who works at McDonalds can get a zero down loan, one day out of bankruptcy, on a $400K house……..that should be a clue that something is wrong with the lending industry!

]]> By: Q-diddy http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326019 Q-diddy Wed, 01 Oct 2008 18:08:28 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326019 Robbie- It was more like $4 after accounting for certain loan performance metrics, but yeah I would have still taken the $4. Robbie-

It was more like $4 after accounting for certain loan performance metrics, but yeah I would have still taken the $4.

]]> By: Robbie http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326013 Robbie Wed, 01 Oct 2008 16:35:06 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326013 What I find ironic is that JP Morgan offered to buy WAMU for $8 / share, and WAMU turned it down earlier this year. What I find ironic is that JP Morgan offered to buy WAMU for $8 / share, and WAMU turned it down earlier this year.

]]> By: Rhonda Porter http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326012 Rhonda Porter Wed, 01 Oct 2008 16:27:17 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326012 They went pretty low on credit scores "back in the day" too. They went pretty low on credit scores “back in the day” too.

]]> By: Roger Ingalls http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326009 Roger Ingalls Wed, 01 Oct 2008 16:04:45 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326009 Rhonda: I do remember that day! I had locked an incredible rate on a 40/30 fixed Jumbo only the day before. I think Well's main exposure could be in high LTVs in western markets. They did a LOT of 80/20s. Rhonda:

I do remember that day! I had locked an incredible rate on a 40/30 fixed Jumbo only the day before.

I think Well’s main exposure could be in high LTVs in western markets. They did a LOT of 80/20s.

]]> By: Q-diddy http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326005 Q-diddy Wed, 01 Oct 2008 15:49:49 +0000 http://raincityguide.com/2008/09/27/another-one-bites-the-dust%e2%80%a6/#comment-326005 Tony wrote: "What I find strange is that Wells Fargo has not made any moves to purchase some of these troubled banks? What do they know that the rest of us don’t? I know they looked into WaMu and Wachovia but didn’t make an attempt to purchase them from my understanding?" Wells did make a bid for WaMu and I'm sure they had a bid for Wacho as well. It's pretty simple - they didn't have the highest bid. Tony wrote:

“What I find strange is that Wells Fargo has not made any moves to purchase some of these troubled banks? What do they know that the rest of us don’t? I know they looked into WaMu and Wachovia but didn’t make an attempt to purchase them from my understanding?”

Wells did make a bid for WaMu and I’m sure they had a bid for Wacho as well. It’s pretty simple – they didn’t have the highest bid.

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