Washington Mutual took a drubbing today in the stock market for fear that it's sitting on a lot of troubled loans. The Housing Wire summarizes WAMU's bad day here.
I saw all the speculation about troubled loans and looked up its market share in Sacramento. DataQuick Information Systems says WAMU was the fourth biggest lender in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties from mid-2005 to mid-2007.
It did 22,784 puchase loans and refinancings worth $4.6 billion, according to DataQuick.That was a 5.14% market share, behind Countrywide, Wells Fargo and Bank of America.
Seeing how it's gone in Sacramento, I'd guess a lot of borrowers here are a part of WAMU's problems.
I saw all the speculation about troubled loans and looked up its market share in Sacramento. DataQuick Information Systems says WAMU was the fourth biggest lender in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties from mid-2005 to mid-2007.
It did 22,784 puchase loans and refinancings worth $4.6 billion, according to DataQuick.That was a 5.14% market share, behind Countrywide, Wells Fargo and Bank of America.
Seeing how it's gone in Sacramento, I'd guess a lot of borrowers here are a part of WAMU's problems.
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