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Home » Store » News » Is WaMu Growing Too Fast? Thrift Sued for Incompetence in Handling Servicing

Is WaMu Growing Too Fast? Thrift Sued for Incompetence in Handling Servicing

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Washington Mutual, which became a thrift industry behemoth in a relatively short time due to aggressive acquisitions, has been sued in state court for failing to properly service customers’ mortgage loans. The class-action lawsuit could be significant for the mortgage industry, and financial services in general, which has seen dramatic consolidation in the last 10 years due to gigantic mergers and acquisitions. Filed
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