Loans, Debt & Credit - View Single Post - Chase/wamu-owned loan

Marie T · 07-31-2009, 06:12 PM

Talking to CHASE Homeownership this week I told them that because my loan was "owned by WAMU" and therefore no investors to deal with, it should be easier to get modification done, right?

He said "no, WAMU is the investor, they own it." I said I though when FDIC took over WAMU and CHASE bought it that WAMU is now owned by CHASE. He told me that everything is still separate...he said that they (CHASE) have to get approval for mod from WAMU.....this makes NO sense to me!!

does anyone have any insight or have you heard this?

07-31-2009, 06:12 PM	#1 (permalink)
Marie T Senior Member Join Date: Apr 2009 Posts: 637 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chase/wamu-owned loan - no investor? Talking to CHASE Homeownership this week I told them that because my loan was "owned by WAMU" and therefore no investors to deal with, it should be easier to get modification done, right? He said "no, WAMU is the investor, they own it." I said I though when FDIC took over WAMU and CHASE bought it that WAMU is now owned by CHASE. He told me that everything is still separate...he said that they (CHASE) have to get approval for mod from WAMU.....this makes NO sense to me!! does anyone have any insight or have you heard this?