Posted by: Pdfprep
Post Date: February 23, 2021
Washington Mutual’s acquisition of Long Beach Financial changed its business model and increased its credit loss profile because
A . The resulting loss rate for Washington Mutual was more than 3 times higher than other mortgage lenders tracked by the FDIC
B . the two banks were focussed in different markets
C . Long Beach Financial had losses which it hadn’t realized at the time of the takeover
D . Of a general deterioration of credit quality generally
Answer: A
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