Washington Mutual raising $7 billion

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 ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 8th, 2008

Washington Mutual Dropping Wholesale Mortgage Lending

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 ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 8th, 2008

WaMu Ditches the Wholesale Mortgage Biz

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 ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 8th, 2008