WaMu Walks Away From Mortgage on Downtown Headquarters | The Naked LoonFirst Faved : Sep 18 2008 by derekFaved : 1 time with noteViewed : 16 timesFave It!
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Quoted: “We used a zero-down option-ARM loan to finance the purchase of WaMu Center in 2006, and since our rate adjusted earlier this year, our payments have nearly doubled,” said CEO Kerry Killinger. “We had no idea that it would skyrocket like that.”
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