Washington Mutual (WaMu) is one of the nation's leading home mortgage lenders. In 2006, it funded more than $150 billion in home loans for individuals and families across the nation. The company offers some of the most competitively priced and desirable products in the industry.
Through its multiple lending channels, WaMu offers a diverse set of home loan products including WaMu Mortgage Plus, an innovative mortgage product that offers unmatched flexibility, value and simplicity. It combines a first mortgage and home equity line of credit into a single loan.
WaMu also makes insurance products available to customers that complement the mortgage lending process including private mortgage insurance and mortgage life insurance, as well as flood, homeowners’, earthquake and other property and casualty insurance.
As of 2008 WaMu has dramatically reduced its production, sales, mortgage support and product line and is essentiaaly a fannie / freddie lender with no ability to fund anything else. Additionally, their underwriting is so tight that many deals they turn down will get done more effeciently elsewhere,