SEATTLE - Washington Mutual Inc., hit hard by rising delinquencies and defaults on mortgages, said Tuesday it will receive $7 billion in new capital from an investment group led by private equity firm TPG but ...
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wamu, washington mutual, wholesale April 8th, 2008
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 ...
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Word is the private equity cash infusion Washington Mutual is in line for comes with a condition: Cut the bank's risk in mortgage lending
Troubled thrift giant Washington Mutual (WM), once one of the biggest players ...
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REGULATORS TELL SCHUMER: BEAR STEARNS' CASH SHORTAGE WAS UNKNOWN UNTIL IT WAS TOO LATE, SHOWING NEED FOR REGULATORY REFORM
Washington, D.C. - Under questioning today by U.S. Senator Charles E. Schumer (D-NY) at a Senate Banking ...
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Bernanke Says Fed Acted to Prevent Collapse of Bear Stearns to Protect Financial System
By Martin Crutsinger, AP Economics Writer
WASHINGTON (AP) -- The Federal Reserve's unprecedented actions to prevent the collapse of Bear Stearns were taken ...
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Wachovia Corp. is halting Pick-A-Payment mortgage loans in the Central Valley and Inland Empire, according to a report in The Charlotte Observer.
In the 17 counties in the two regions, Wachovia will cease to offer mortgages ...
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NEW YORK (AP) -- The U.S. financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next year-and-a-half as banks cut costs in the ...
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KANSAS CITY, Mo. (AP) - Mortgage lender NovaStar Financial says it lost more than $700 million last year.
Associated Press
The Kansas City-based company has been hit hard by the mortgage meltdown and says it may not ...
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A billion here, a billion there: Bloomberg News’ latest tally of total asset write-downs and credit losses at big banks and securities firms over the last 15 months is up to $232 billion.
The total jumped ...
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Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by.
SAN CLEMENTE, Calif. (CNNMoney.com) -- Kent and Mysti Cope met and ...
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