WaMu Opens Capital Markets Operation, Eyes Third-Party Underwriting Business
July 5, 2002
Washington Mutual this week joined the ranks of major mortgage producers that have affiliated MBS underwriting operations by establishing a unit that will focus on finding markets for its market-leading volume of new originations. Why develop an in-house unit to market its mortgage securities rather than rely on investment banks? “They have a lot of clients they have to focus on,” said Todd Kaufman, national sales