The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (37648)	8/3/2005 12:10:42 PM
From: Ramsey Su	Read Replies (3) of 110194

I had lunch with a Wamu loan guy yesterday (along with famous celebrity who sometimes post here). So I asked him about all the aggressive lending practices common in the industry today, such as 100% financing. He said Wamu would not do anything like that. I followed up and ask him what is the lowest down payment Wamu would do? 3% I bursted out laughing.

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