Senate Investigators Dig for Fraud in Mortgage Securitization Program at Washington Mutual
April 16, 2010
Former officials at Washington Mutual, one of the largest issuers of non-agency MBS during the market’s heyday, parried charges of misconduct in their mortgage securitization business during the first of four Senate hearings probing Wall Street’s role in the financial meltdown. Although the Senate Permanent Subcommittee on Investigations dug up hundreds... [Includes one chart]