Tag Archives: 1 billion

Israeli Bank Trying To Sell Its Mortgage Portfolio

Haaretz reports on a troubled Israeli bank — Hapoalim. It appears to be up for sale. It wants to sell its mortgages and is willing to take a $1 billion loss. Ouch. The Jews may have invented banking but they … Continue reading

Posted in Israel | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Israeli Bank Trying To Sell Its Mortgage Portfolio

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

Posted in washington mutual | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Washington Mutual Getting Out Of Mortgage Business