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Former CEO of Washington Mutual - Kerry Killinger | PBD Podcast | Ep. 185
PBD Podcast
Is Wall Street Buying Option Arms?
We would sell option arms as well as fixed rate loans to both fanny may, freddy mac and wall street. But during that period we were decreasing that portfolio fairly significantly. So a lot of that was from things that were in the past. We knew that bu you were getting paid to take on at some additional risk. And so we tried to mitigate that with only going to te prime customers? Yes.
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