Washington Mutual

Desperation at WaMu Puts Taxpayers at Risk

erku — Mon, 01 Sep 2008 17:02:33 -0500

Desperation is in the air at Washington Mutual (WM). That WaMu is offering 5% on CDs should be proof enough. From LastNightInVegas.

Washington Mutual: What's Another $3.3 Billion?

Armen Hareyan — Wed, 23 Jul 2008 10:20:52 -0500

Washington Mutual proved yet again that it could extract more value from its operations by firing everyone except a few beefy guys to shovel deposits into an incinerator. Can a handful of former bankers work fast enough to incinerate $3.3 billion in a quarter? It seems unlikely.

Washington Mutual Dropping Wholesale Mortgage Lending

jredz — Tue, 08 Apr 2008 15:31:36 -0500

Washington Mutual, once one of the largest residential mortgage lenders will stop originating mortgage loans through independent mortgage brokers due to the ongoing mortgage crisis. However, WAMU will still originate mortgage loans through its retail bank branches.

Washington Mutual Cleaning Up Mortgage Originations

jredz — Tue, 02 Oct 2007 12:10:12 -0500

What steps is the 6th largest mortgage lender in America taking to clean up the beaten and battered mortgage industry?