Chris McDonald

WaMu draging Chase in the WEEDS...

10-09-08

Will "Whoo-hoo WaMu," the no-frills, no-fees, hip and neighborly bank, find a new identity with conservative JPMorgan Chase, which advertises value and security? WaMu's ads have mocked stodgy banking and portrayed customers in fantasies about financial freedom. Chase's brand is less distinguishable, other than its image as large and convenient due to its strong presence in key markets including the East Coast. Chase could decide to eliminate WaMu's playful approach in the midst of economic upheaval, and opt for a more conservative and traditional image.

Also, JPMorgan Chase announced that Washington Mutual's Chief Executive Officer Alan Fishman and five other senior executives will leave the company, as the combination of the financial services giant and the failed thrift makes their positions redundant. Bank employees will know by Dec. 1 whether their jobs will be eliminated. Fishman held the top job for just a few weeks before WaMu was sold to Chase for $1.9 billion. He will forgo the multi-million severance pay afforded through his employment contract, but may keep a $7.5 million signing bonus.

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Chris McDonald
WR Starkey Mortgage, LLP.

Chris McDonald: Mortgage Company in Columbus, GA

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I am a Sr. Mortgage Consultant with WR Starkey Mortgage, LLP. One of the largest independently owned Mortgage Banks in the country.

I am a 14 year veteran in the housing industry having worked as a contractor, builder, mortgage broker and banker. I represent clients such as builders, investors, real estate professionals and prospective home buyers/sellers in providing information on a variety of home financing options and the ability to fund it all. I understand that there are opportunities and advantages in any market and market conditions. Whether you are developing raw property, building new construction, or making the choice of buying your family's dream home, I represent every client with the special attention and integrity that they deserve.

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