http://360digest.com/2008/10/20/ex-wamu-president-lists-home-for-sale/ Seattle Real Estate Blog for those interested in Seattle real estate, popular culture, tech, news and opinion. Sun, 29 Apr 2012 14:47:03 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://360digest.com/2008/10/20/ex-wamu-president-lists-home-for-sale/comment-page-1/#comment-36600 James Sanson Sun, 26 Oct 2008 15:37:16 +0000 http://360digest.com/?p=782#comment-36600 He will move on to something great after all of the dusts move by. Where he went wrong was the ability to refi with limited watch dogs. Not a ton of deals went thru their hands as 1st mortgages as far as I know. When a market goes sharply out of control what do the smart people do? They run for the trees and watch. You simply watch. Who cares about the short-term wins and losses. They could have simply kept banking while the market was going crazy up and down. Now they should be lending like crazy. We are in a stable market finally. He will move on to something great after all of the dusts move by. Where he went wrong was the ability to refi with limited watch dogs. Not a ton of deals went thru their hands as 1st mortgages as far as I know. When a market goes sharply out of control what do the smart people do? They run for the trees and watch. You simply watch. Who cares about the short-term wins and losses. They could have simply kept banking while the market was going crazy up and down. Now they should be lending like crazy. We are in a stable market finally.

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