Mortgage - Free Calculators

Washington Mutual Project Lifeline - Volunteering to Aid the Credit Crunch

Washington Mutual Bank (Wamu) is working on a project called "Project Lifeline," a proposal agreed upon by six banks that will help both the banks who were hurt by the mortgage payment crisis and the borrowers who found themselves in trouble because of the recent credit crunch in the housing industry. "Project Lifeline" is a plan put together by Washington Mutual, Bank of America, Citigroup, Countrywide, JP Morgan, and Wells Fargo in order to try to relieve banks from the housing bubble's burst by helping those in need the most: the borrowers who are stuck in loans ...