Category Archives: washington mutual

The Washington Mutual Empire Was Built On Shaky Loans

Great article from the New York Times today. Washington Mutual had dreams of becoming an empire, something a lot grander than just a bank. How would they do this? By saying Yes!, just like Jim Carey’s new movie. WaMu didn’t … Continue reading

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Washington Mutual Will No Longer Issue A Couple Of Complex Mortgages

FROM DOW JONES NEWSWIRE: Washington Mutual Inc. (WM) will discontinue two complex mortgage products as it cuts back on riskier loans amid the subprime mortgage mess and falling home prices. The bank also added $1 billion to the assistance program … Continue reading

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Washington Mutual Getting Out Of Mortgage Business

Washington Mutual has lost much of its value due to its bad mortgage lending decisions. Here’s a report: Seattle-headquartered Washington Mutual, which recently entered into definitive agreements to raise an aggregate $7 billion through direct sale of equity securities to … Continue reading

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