WaFd Bank exits home mortgage lending, says model is ‘unsustainable’
Housing Wire
JANUARY 17, 2025
Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.
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