Marion Sandler, the former CEO of lending firm Golden West passed away, leaving a legacy of building up a large mortgage company that was sold off to Wachovia before the housing crisis hit. The Wall Street Journal reported that Sandler, 81, died on June 1.
She and her husband sold off their Golden West lending firm several years ago to Wachovia for $24 billion after founding the company 40 years prior. She captured headlines shortly after when news reports surfaced with analysts claiming Golden West’s portfolio jolted Wachovia, creating problems for the bank, which was eventually acquired by Wells Fargo (WFC).
