Washington Mutual To Cut 3,150 Jobs

This is a true case of “if you live by the sword you die by the sword.” Washington Mutual, or WaMu, grew dramatically on their mortgage business.

There are 4 branches now within 10 miles of my house that have been built over the past couple of years when there were none before. Now with the slowing of the mortgage industry they are caught in a huge over expansion and are closing many of their locations.

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source: therealestatebloggers.com