Technology

Report: WaMu Will Exit Warehouse Funding Business 

National Mortgage News is reporting that Washington Mutual will shutter its entire warehouse lending division. According to the NMN story, a spokesperson confirmed the move late this afternoon and said the warehouse group is in a “wind-down phase” and that WaMu employees “just received the news themselves.” No formal press statement was available on WaMu’s Web site, but I’d expect one soon.