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Home » Store » News » WaMu Aims For a Bigger Subprime Market Footprint

WaMu Aims For a Bigger Subprime Market Footprint

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With its eye on a bigger slice of the mortgage market pie, Washington Mutual has plans to dramatically expand its subprime mortgage activities in the months ahead. During its annual investor conference in New York last week, the thrift outlined a strategy for its subsidiary Long Beach Financial that includes hiring more salespeople and entering new territories. The subprime lender saw its volume grow 111 percent year-to-date as of Sep. 30...
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