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Washington Mutual Leaves The Mortgage Business
Along with a lot of Los Angeles banks, 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 … Continue reading
Posted in Economics
Tagged 1 billion, business plans, ceo, confidence, definitive agreements, diluted share, equity securities, first quarter, home loan, investment vehicle, kerry killinger, loan offices, mortgage business, mortgage lending, profitability, s market, second quarter, shareholder value, wamu, washington mutual
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