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Washington Mutual News Archives

Washington Mutual News Archives for May 2008

Friday May 30 | Canadian Business Magazine

Thrifts set aside $7.6 billion for problem loans, swing to first-quarter loss of $617 million

Federally regulated savings and loans set aside a record $7.6 billion to cover losses on problem loans in the first quarter as they felt the brunt of the housing market's downturn.

Comment?

Related Topix: Financial Services, Home, Mortgage, Banking, Sovereign Bancorp

Tuesday May 27 | The Business Journal of Phoenix

Washington Mutual Inc. reduces home equity credit for homeowners

Phoenix Business Journal - by Kirsten Grind Phoenix Business Journal Washington Mutual Inc.

Comment?

Related Topix: Financial Services, Banking

Sunday May 25 | The Washington Post

More on Rep. Richardson's Financial Woes

UPDATE : California Congresswoman Richardson insists that her home in the capital of Sacramento, which she bought when she was a state assemblywoman, is not in foreclosure.

Comment?

Related Topix: Sacramento Metro, Sacramento, CA, Foreclosures, Financial Services, Banking

Friday May 23 | Political Gateway

Seattle falcon fans keeping eye on raptors

Scientists tracking the migration of peregrine falcons said two of three peregrine falcon chicks have hatched in a nest box atop a tower in Seattle.

Comment?

Related Topix: Financial Services, Banking, Publishing, Media

Thursday May 22 | ComputerWorld

Green IT at Washington Mutual saves lots of green

Like her CIO peers, Washington Mutual 's Deborah Horvath has that unfiltered, end-to-end view of her company's operations that all IT executives possess.

Comment?

Related Topix: CIO News, Financial Services, Banking

Tuesday May 20 | PR-inside.com

WaMu Hits One Million Mark in Small Business Checking Accounts

The milestone reflects double-digit business checking growth, year over year , and illustrates the powerful growth opportunity for WaMu in serving small business customers.

Comment?

Related Topix: Financial Services, Banking

Sunday May 18 | Reuters

Buyout shops eye banks

“The issue they are dealing with is making sure they can get a large enough investment, have influence on the company, but work within the construct of the regulatory regime”

Private equity firms are searching for ways to invest in U.S. banks and thrifts while avoiding restrictions that bar owners of these institutions from other businesses. via Reuters

Comment?

Related Topix: Financial Services, Banking

Friday May 16 | East Bay Business Times

WaMu reduces home equity credit

“It's not surprising to me that they're doing that”

East Bay Business Times - by Kirsten Grind Puget Sound Business Journal Washington Mutual Inc. via East Bay Business Times

Comment?

Related Topix: Financial Services, Banking

Thursday May 15 | Seattle Post-Intelligencer

Microsoft Blog: From Bezos to Buffett, Microsoft draws crowd

Don't be surprised a few months from now if some blockbuster corporate deal traces its origins to the hallways of Microsoft's conference center. via Seattle Post-Intelligencer

Comment?

Related Topix: Microsoft, Software, Seattle Metro, Banking, Financial Services

Tuesday May 13 | The Seattle Times

Top marks for area savings-and-loan

Washington Federal was the best-performing savings-and-loan in the country last year, according to an analysis of the 100 largest thrifts by research firm SNL Financial. via The Seattle Times

Comment?

Related Topix: Seattle Metro, Banking, Financial Services, Hoquiam, WA, Timberland Bancorp, Vancouver, WA

Sunday May 11 | Las Vegs Sun

Countrywide suspends home equity credit lines in Las Vegas

May 7, 2008 8:40 AM Countrywide Financial Corp., one of the nation's largest mortgage lenders, has suspended the home equity credit lines of nearly all of its Las Vegas customers. via Las Vegs Sun

1 comment

Related Topix: Las Vegas, NV, Financial Services, Banking, IndyMac Bancorp

Friday May 9 | Quick

Activist group plans foreclosure protest at Washington Mutual's Dallas office

“Our goal is to keep people in homes, and we're actively working with folks to do that”

By BRENDAN M. CASE / The Dallas Morning News bcase@dallasnews Community activist group ACORN is planning to protest home foreclosures at a local office of Washington Mutual Inc. via Quick

Comment?

Related Topix: Foreclosures, Dallas Metro, Dallas, TX, Banking, Financial Services, Home, Mortgage

Thursday May 8 | Slog

Hey, Big Lender

“The protest today heightened the acuteness of the issue”

This afternoon, about 40 people in business attire strode into the lobby of Washington Mutual Center carrying signs that read "Stop Foreclosure Now." Representing and the Association of Community Organizations ... via Slog

2 comments

Related Topix: Seattle Metro, Banking, Financial Services, Foreclosures, Home, Mortgage, Personal Finance

Thursday May 8 | Seattle Post-Intelligencer

Protest du Jour: Homeowners need more help, WaMu

“Whoo hoo? ACORN says boo hoo WAMU.”

A 20-city simultaneous demonstration against Washington Mutual is planned Thursday by ACORN to protest the bank's mortgage lending practices. via Seattle Post-Intelligencer

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Foreclosures

Wednesday May 7 | Environmental Leader

WaMu Switches 1M Accounts From Paper To E-Statements

Through its year-long "Make A Statement, Plant A Tree" campaign, Washington Mutual Inc. via Environmental Leader

Comment?

Related Topix: Financial Services, Banking

Monday May 5 | Bizjournals

Wells Fargo hires group of loan consultants from WaMu in downtown Seattle

Puget Sound Business Journal - by Kirsten Grind Staff Writer Wells Fargo Home Mortgage is hiring all 27 loan consultants working in Washington Mutual 's downtown Seattle home loan center and plans to open a ... via Bizjournals

Comment?

Related Topix: Mortgage, Home, Financial Services, Banking

May 3, 2008 | International Business Times

Bankers spent $2.2M lobbing in 1Q

The American Bankers Association spent $2.2 million to lobby the federal government in the first quarter. via International Business Times

Comment?

Related Topix: Foreclosures, Banking, Financial Services

May 1, 2008 | The Columbian

WaMu replaces chief risk officer

Washington Mutual Inc. named a new chief enterprise risk officer Tuesday, as the nation's largest savings and loan struggles with the fallout of the mortgage and credit crises. via The Columbian

Comment?

Related Topix: Financial Services, Banking, Home, Mortgage, Personal Finance

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