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Shakeups at Washington Mutual and Wachovia
2008-06-03 05:37:00 Shakeups at Washington Mutual and Wachovia. Roundtable Discussion with Andrew Seibert of Nextier Wealth Management and Forbes CEO Steve Forbes. Washington Mutual shares are down after Kerry Killinger stepped down as chairman. Shares of Wachovia are falling to below is the value in almost 13 years after Ken Thompson was ousted. Chairman Lanty Smith has been appointed ...
Hard Hit Washington Mutual Replaces Chief Executive Kerry Killinger
2008-06-03 05:10:00 Washington Mutual, hard-hit by the mortgage and credit crises, will replace Chief Executive Kerry Killinger as chairman of the board. No Tags---Related Articles at Consumer Mortgage Reports:No Related Posts
Is Washington Mutual the Worst Bank Ever or What?
2008-05-24 23:03:00 So, many of you know about the congresswoman from southern California - Representative Laura Richardson - who lost her house to foreclosure last month? Well, the story gets thicker. Now it looks like she had in fact worked out a payment agreement with the lender. Despite the agreement, somebody at the bank didn't get the message and had the place sold anyway.Guess which bank it was?Thats right...Washington Mutual!!!We've had nothing but trouble with Washington Mutual (1,2,3,4,5) and hearing this news just convinces me that the bank is the worst run financial institution in America today. It is bad enough to accidentally foreclose on some poor schmuck, buts quite its another thing to do it to a member of congress. You would think they'd be smart enough to keep a special file for important people, but no, they couldn't even get that right. Seriously, if I were CEO Kerry Killinger, I would resign in shame and move to Alaska to hide.Check out the news story, the WaMu rep tries har...
Reality Vesus Actuality: A Construction of The Truth
2008-05-06 21:08:00 Reality has swept America. Reality TV that is. Is it real? So quickly the lines blur in one night's viewing. I no more need watch The Apprentice to know that I can make better decisions. But I do not... MADISON AVENUE blog is the property of Calle & Company - www.CalleCompany.com
By: MADISON AVENUE
Advertising Campaigns with Zero Thought Profiles
2008-05-03 05:21:00 So absurd. Why do companies take their names, shorten them, then use rhymes as advertising campaigns? Washington Mutual. WaMu. Whoo Hooo. Adult minds actually concieve and sign off on this crap. What... MADISON AVENUE blog is the property of Calle & Company - www.CalleCompany.com
By: MADISON AVENUE
Troubles Continue for Washington Mutual
2008-04-17 05:26:00 NEW YORK, April 15, 2008 (PRIME NEWSWIRE) — Beleaguered investors of Washington Mutual (NYSE:WM) were delivered more bad news by the company in Tuesday’s after-hours earnings announcement. The company reported a first-quarter loss of $1.14 billion and indicated that it expects Writedowns of $12 billion to $19 billion of its $187 billion portfolio of single ...
Should corrupt toxic lender Washington Mutual be allowed to fail?
2008-04-16 13:19:00 Yes or no? Will Bennie and the inkjets bail out one of the slimiest lenders in the world? Or is that honor reserved just for Hank Paulson's investment banker buddies?Bonus question - will their executives go to jail?And again, for anyone stupid enough to have an account still at Washington Mutual - GET YOUR MONEY OUT OF THAT BANK AND GET IT OUT NOW. How much warning do you need?Note I have no position in or account with Wash Mut. Just got my popcorn. Extra butter.Appraisers say WaMu cut corners to increase its mortgage businessGroups Press for WaMu Board OusterWaMu cites housing woes for $1.1B lossWhere WaMu went wrongWashington Mutual to close home-loan offices
By: Housing PANIC
Washington Mutual and the mortgage brokers
2008-04-09 17:00:00 Some may focus on how this is going to affect investors but I focus on how this is going to affect the mortgage brokers. The banks are systematically putting mortgage brokers out of business.
Washington Mutual Slashes Dividend, Cuts Jobs
2008-04-09 16:29:00 By Jennifer Yousfi Money Morning Shares Washington Mutual Inc. (WM) dropped 10% yesterday (Tuesday) after the mortgage lender announced it raised $7 billion in capital, while slashing its dividend and cutting 3,000 jobs. Seattle-based WaMu, as the savings and loan is often called, raised the capital by issuing 176 million new shares at $8.75 per share, a ...SHARETHIS.addEntry({ title: "Washington Mutual Slashes Dividend, Cuts Jobs", url: "http://jutiagroup.com/archive/-2008/04/09/663/" });
By: Jutia Group
Washington Mutual Slashes Dividend, Cuts Jobs
2008-04-09 16:29:00 By Jennifer Yousfi Money Morning Shares Washington Mutual Inc. (WM) dropped 10% yesterday (Tuesday) after the mortgage lender announced it raised $7 billion in capital, while slashing its dividend and cutting 3,000 jobs. Seattle-based WaMu, as the savings and loan is often called, raised the capital by issuing 176 million new shares at $8.75 per share, a ...SHARETHIS.addEntry({ title: "Washington Mutual Slashes Dividend, Cuts Jobs", url: "http://jutiagroup.com/archives-/2008/04/09/washington-mutual-s-lashes-dividend-cuts-jobs/" });
By: Jutia Group
Washington Mutual Slashes Dividend, Cuts Jobs
2008-04-09 16:29:00 By Jennifer Yousfi Money Morning Shares Washington Mutual Inc. (WM) dropped 10% yesterday (Tuesday) after the mortgage lender announced it raised $7 billion in capital, while slashing its dividend and cutting 3,000 jobs. Seattle-based WaMu, as the savings and loan is often called, raised the capital by issuing 176 million new shares at $8.75 per share, a ...SHARETHIS.addEntry({ title: "Washington Mutual Slashes Dividend, Cuts Jobs", url: "http://jutiagroup.com/2008/04/-09/washington-mutual-slashes-di-vidend-cuts-jobs/" });
By: Jutia Group
They Stated They Were Leaders? WAMU Exits Wholesale Lending
2008-04-09 06:41:00 WAMU recently said that they wanted to, “Strengthening the Mortgage Industry” in a press release and now they need their mom help them goto the bathroom. So which direction are they these so called leaders really leading? Washington Mutual began offering this ‘new’ full disclosure program to the mortgage clients delivered through mortgage professionals BUT not ...
WaMu (Washington Mutual) Closes Door on Mortgage Brokers
2008-04-08 23:44:00 According to the Wall Street Journal and Bloomberg this afternoon, Wamu is making a lot of changes to deal with their ongoing struggle to survive. With the infusion of $7B from an investment group led by private-equity firm TPG, along with closing 186 home loan centers and laying off 3,000, Washington Mutual has joined the ...
FLASH: Toxic lender Washington Mutual closes its entire network of mortgage
2008-04-08 17:45:00 Just one step closer to the grave...If you have money in WaMu - GET IT OUT NOW, GET IT OUT TODAY AND DON'T LOOK BACK. In my personal opinion, this bank will fail, and it's not worth the risk. And no, it's not too big to fail. WaMu will not be bailed out by Benny and the Inkjets. Depositers stand to lose everything beyond their FDIC limits. And shareholders will be wiped out.They called them "liar's loans" for a reason. Get ready for the lawsuits and criminal charges next.NEW YORK (Reuters) - Washington Mutual Inc (NYSE:WM - News), the largest U.S. savings and loan, said on Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but that mortgage problems will lead to a $1.1 billion quarterly loss and the elimination of 3,000 jobs.
By: Housing PANIC
Texas Pacific Group; Washington Mutual
2008-04-08 00:00:00 Daily Market Commentary for April 7, 2008 from Millennium-Traders.Com (http://www.millennium-traders.-com) As with most Monday trading sessions, trading interest was almost null after a rather active opening bell. Little activity from the sidelines attributed to the light trading volume. The NASDAQ bucked the trend at the closing bell, closing to the negative side of the markets. News that Washington Mutual (NYSE: WM) may be receiving $5 billion in capital from a large but private firm Texas Pacific Group gave the markets a boost over the potential improvement of the troubled mortgage industry. Financial institutions had to turn to outside investors for capital infusions over recent year due to write downs on mortgage related investments of over $230 billion. News on Crude Oil from OPEC Secretary-General Abdullah al-Badri told Iran's IRNA news agency that high oil prices are a result of the low value of the dollar and not due to lack of shortage. Action between Yahoo and Microsoft ...
0% APR on BT for 6 months, no BT fee - Washington Mutual : MyPoints Rewards
2008-03-23 11:07:00 LINKTerms: 0% FIXED APR for 6 months on Purchases and Balances Transferred Now (not on Cash Advances)* Balance Transfer Fee: $0 for balances transferred within 90 days of account opening; after that, 3% (min $5, max $75).
By: iBankDesign
WaMu Free Checking and High-Yield Savings
2008-03-20 14:11:00 Get a free checking account online with & high-yield savings account, with a 4.00% interest rate at Washington Mutual. Learn more!WaMu Free Checking and High-Yield Savings. Apply online in a few easy steps and win big with free checks, debit rewards. Learn more!Switch to WaMu Free Checking. Enroll 100% Online in a few easy steps and win big with free checks, debit rewards, and more! Learn more.
By: cheapdanny
FREE WaMu Checking Account online
2008-03-12 12:40:00 Get a free checking account online with & high-yield savings account, with a 4.00% interest rate at Washington Mutual. Learn more!Switch to WaMu Free Checking and High-Yield Savings, with a 4.00% APY. Start banking with only $1 or more. Learn more.Fill out WaMu Free Checking? application + win big with Free ATM cash withdrawals, cash back for debit card use. Learn more.
By: cheapdanny
Apply for the ESPN Washington Mutual Visa Credit Card!
2008-03-05 15:49:00 Apply for the ESPN Visa credit card online. You can earn points redeemable for VIP sports experiences, sports merchandise, travel, dining and more through the ESPN Total Access Rewards Program*Get 2,500 bonus points with first card use within one year. Earn 5 points per $1 spent on purchases from ESPN and 1 point per $1 spent everywhere else* Book tickets and travel through the free ESPN Sports Concierge Service? No annual fee. 0% fixed APR for 6 months on purchase and balances transferred now*
By: cheapdanny
Washington Mutual - Apply for the ESPN Visa Credit Card!
2008-02-13 13:56:00 Apply for the ESPN Visa credit card online.Earn points redeemable for VIP sports experiences, sports merchandise, travel, dining and more through the ESPN Total Access Rewards Program* Get 2,500 bonus points with first card use within one year. Earn 5 points per $1 spent on purchases from ESPN and 1 point per $1 spent everywhere else* Book tickets and travel through the free ESPN Sports Concierge Service? No annual fee. 0% fixed APR for 6 months on purchase and balances transferred now*
By: cheapdanny
Free Checking Account - WAMU
2008-02-12 22:01:00 Open a free checking and high-yield savings account, with a 4.25% APY by filling out the WaMu Free Checking? application.With a rate like this, who wouldn't? It only takes minutes to sign up for this High-Yield Savings account when you apply for WAMU free checking. You also get Free ATM cash withdrawls.
By: cheapdanny
Project Lifeline: Bank of America, Citigroup, Countrywide, JP Morgan, Washi
2008-02-12 14:01:00 With the credit crunch hitting the U.S. hard, a collection of banks are getting together in ?Project Lifeline? with the aim of helping US homeowners. US house prices are getting depressed thanks to unsold homes and six major US banks are about to announce their plans to offer help to US homeowners with their mortgages. The BBC ...
By: Product Reviews
Washington Mutual 4.25% Savings Account!
2008-01-29 19:02:00 Open a free checking and high-yield savings account, with a 4.25% APY by filling out the WaMu Free Checking? application. Learn more!Applying online just takes 7 minutes. It's one of many ways WaMu makes online banking easy!
By: cheapdanny
20,000 bonus points - Washington Mutual : Visa Platinum card; Exp. - unknow
2008-01-21 08:59:00 The following info about a 20,000-point annual bonuses from Washington Mutual Visa Platinum card was posted by SD member kolderog on SD: QUOTEI got a CC offer from WAMU for their Visa Platinum card. It offers- 0% interest on all purchases if you do a balance transfer of at least $100 when opening (there is interest on the balance transfer so pay that right back and transfer minimum)- 20,000 bonus points (10,000 after year 1 and 10,000 after year 2)- free fico score access- free card - no annual feeProduct #: 22LJ52Call 1800 219 5198My offer was preselected and my credit is good, so do n ot know how widely available.You can put the money you owe Wamu on the CC into a WaMu CD at 5.1%. Just do not forget to pay the whole balance before 08/01/2009 source: forums.slickdeals.net/showthrea-d.php?t=710880&p=9632770
By: iBankDesign
Washington Mutual (finally) under SEC investigation for its role in inflate
2007-12-22 12:47:00 Cool.But what the f*ck took so long?Wasn't it OBVIOUS that corrupt toxic lenders like WaMu, Countrywide, IndyMac and First Fed were systematically and blatantly encouraging and participating in rampant illegal mortgage fraud?It sure was to HP'ers.(Note - I'm short WaMu and don't see any way this pig survives, especially when they're found guilty of mortgage fraud and have to buy back all the worthless crap paper they issued. Tilt. And if you have money in a WaMu account, GET IT OUT NOW!!!)WaMu Says Cooperating with SEC on Home AppraisalsNEW YORK (Reuters) - Washington Mutual said on Thursday it is cooperating with a U.S. Securities and Exchange Commission inquiry into the handling and reporting of mortgage loans that may have been based on inflated home appraisals.The SEC is also looking into whether the company, one of the largest U.S. mortgage lenders, properly accounted for its loans in financial disclosures to investors, according to the Journal, which cited people famili...
By: Housing PANIC
Credit Suisse Questions Washington Mutual Management
2007-12-19 19:28:00 Credit Suisse Questions Washington Mutual Management In a new research report, Credit Suisse calls into question the “credibility” of Washington Mutual’s management, citing what it calls “numerous upward revisions” to the thrift’s credit expectations on future writedowns. (...)
Wamu (formerly Washington Mutual) shortens name to Wa
2007-12-15 19:55:00 Wamu, formerly Washington Mutual will shorten its name again to "Wa" in January. CEO Kerry K Killinger, Wa CEO explained the decision: We felt that Wamu was a little difficult for people to remember. Spelling was an issue too. Our research showed that only 60% of high school graduates could spell "Wamu." They kept getting the internet address wrong and so forth. Over 80% can spell "Wa," however. Environmentalists hailed the decision as a victory for planet sustainability. An Association of People who are Really Really Concerned About the Planet (APRRAP) spokesbeing, Lara Samuels, said that a shorter name means that less ink will be used for stationary. Many analysts expect shortened-name race within the business world as the advantages become clear. Some of the biggest corporations are already planning their name changes. Walmart will be "Wal" in February, General Motors will be "General" in March, and I.B.M. will soon be "I."
By: Asymmetric
Washington Mutual To Cut 3,150 Jobs
2007-12-11 16:13:00 This is a true case of “if you live by the sword you die by the sword.” Washington Mutual, or WaMu, grew dramatically on their mortgage business. There are 4 branches now within 10 miles of my house that have been built over the past couple of years when there were none before. Now with ...
Washington Mutual Inc. (WM) Announces Big Cuts to Fight Off Mortgage Crisis
2007-12-10 23:44:00 Washington Mutual Inc., the nation's largest savings and loan, said Monday problems in the mortgage and credit markets are forcing it to close offices, slash over 3,100 jobs, and set aside far more than expected for loan losses in its fourth quarter.The company also said it was slashing its dividend 73 percent.Additionally, WaMu announced a $2.5 billion offering of convertible preferred stock.The company said it now expects to set aside between $1.5 billion and $1.6 billion for loan losses in its fourth quarter. That estimate is about twice the level of expected fourth quarter net charge-offs, WaMu added.
By: Jim Cramer Blog
I am very happy with my Washington Mutual checking account
2007-11-20 07:03:00 I am very happy with my Washington Mutual checking account. Washington Mutual has a wide variety of products including checking accounts, saving accounts, money market accounts, mortgages, home equity loans, credit cards, and more. Washington Mutual can offer credit card loans for interest rates for as low as 6.75 percent APR. Please ...
Friedman Billings Ramsey Sees Rising Loan Loss Provisions
2007-10-22 23:25:00 The housing market is deteriorating so quickly that credit assumptions made only a few months ago are now “unrealistic” and many banks and thrifts will likely have to hike their provisions for loan losses again, according to an analyst at Friedman, Billings, Ramsey. (...)
Movers: Google, Bank of America, Washington Mutual, Pfizer, Nokia, eBay (Bu
2007-10-19 01:10:00 Thursday’s stocks in the programme More: continuing here
Washington Mutual Hammered
2007-10-18 21:47:00 If you thought Bank of America was bad, with their 32% profit hit last quarter, check out Washington Mutual’s meltdown: a 72% drop in quarterly net income. The cause? Come on now! Mortgage related losses of course! From the Wall Street Journal (h/t Calculated Risk): Washington Mutual Inc. third-quarter net income plummeted 72%, as the company took a bruising hit to cover home-loan losses. … “We’re disappointed with our third quarter results but they reflect the increasingly difficult market conditions that are challenging the banking industry,” said WaMu Chairman and Chief Executive Officer Kerry Killinger. … WaMu also had a $147 million write-down on mortgage loans it planned to sell but were instead were moved to the company’s investment portfolio due to the summer’s credit-market seizure that essentially dried up demand for mortgage-related securities. This is scary to me, and I’m not even a WaMu depositor. WaMu h...
Washington Mutual Home Loans | Employee Overtime Pay Complaints
2007-10-12 22:15:00 If you were employed by Washington Mutual Home Loans as a loan officer, loan processor, loan consultant, loan broker, loan specialist, loan originator or other mortgage loan employee and believe you have not been paid all the overtime pay and wages you believe you are owed, tell us your story! -Report Unpaid Overtime & Wages- Washington Mutual ...
Washington Mutual Gives $615,000 Mortgage To Immigrant Making $9 An Hour Wh
2007-10-09 06:26:00 Soledad Aviles, an immigrant from Mexico with a 6th grade education who can't read or write English and makes $9 an hour, was approved for a mortgage of $615, 000 by Washington Mutual. It should be noted off the bat...
By: Diggers Realm
Why WAMU Will Not Follow Their Own Lead
2007-10-06 18:42:00 What kind of industry leader does not follow their own lead? WAMU, that is who. (...)
FLASH: Toxic lender Washington Mutual sees "perfect storm" in housing, expe
2007-09-10 15:33:00 The perfect storm. Surprising for bank CEOs and sheeple. Fully expected and predicted by HP'ers. Note - I'm short WM... They did call them "liar's loans" for a reason ya know...NEW YORK, Sept 10 (Reuters) - Washington Mutual Inc., the largest U.S. savings and loan, may set aside $500 million more than it had previously forecast for loan losses in 2007, amid what Chief Executive Kerry Killinger called a "near perfect storm" in U.S. housing.The Seattle-based thrift had in July projected setting aside $1.5 billion to $1.7 billion for loan losses.Speaking at a Lehman Brothers Inc. financial services conference, Killinger said the housing market is struggling with stagnant home prices, rising borrowing costs, tighter underwriting standards, and tough capital markets conditions."Most housing markets appear to be weakening, to us," he said. "We would not be surprised to see declines in housing prices in many regions of the country ... for the next few quarters."
By: Housing PANIC
Washington Mutual 5.50% 6 month CD Rates
2007-08-16 03:36:00 Washington Mutual just bumped up their online CD rates to a fairly high 5.50% APY for their 6 month CDs. They also offer some competitive certificate of deposit rates on other maturity terms as well. Minimum deposit for all CDs is $1000. Deposits can be funded through ACH, or from an existing WaMu checking or savings ...
By: The Piggy Banker
5.35% APY CD Rate @ Washington Mutual
2007-07-18 05:57:00 Washington Mutual has a pretty good online certificate of deposit rate of 5.35% APY on all maturity terms from 6 months to 5 years. If you already do banking with WaMu, you can link your CD account to your regular savings and checkings accounts for convenience. Minimum deposit for all CDs is $1,000. Their online CD ...
By: The Piggy Banker
Dividend Analysis - Washington Mutual Inc (NYSE:WM)
2007-07-05 15:00:00 Today, we will be analyzing a stock with a nice, big, fat juicy dividend yield - Washington Mutual Inc. It trades on the NYSE under the symbol WM and currently has a dividend yield of 5.04%! Company Profile: From Yahoo Finance Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company ...
By: Dividends Matter
Dividend Analysis - Washington Mutual Inc (NYSE:WM)
2007-07-05 15:00:00 Today, we will be analyzing a stock with a nice, big, fat juicy dividend yield - Washington Mutual Inc. It trades on the NYSE under the symbol WM and currently has a dividend yield of 5.04%! Company Profile: From Yahoo Finance Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company ...
By: Dividends Matter
Free credit score monitoring from Washington Mutual
2007-06-26 00:00:00 Ever since WaMu bought Providian Financial (credit score agency) they have offered a credit card with no annual fee that...
By: Tyro Investor
5.0% Savings & Free Checking @ Washington Mutual
2007-05-18 00:00:00 Washington Mutual is well known for their Free Checking. But just recently, they've rolled out a special online offer for a 5.00% APY high yield savings account if you also apply for their WaMu checking account. Click on the link, and you should be taken to this screen: This is a ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: The Piggy Banker
5.15% APY CD Rate @ Washington Mutual
2007-04-15 11:01:00 Washington Mutual is offering 5.15% APY for a 6 month online CD. Minimum Deposit is $1000. If you already have an account at Washington Mutual, you can link the accounts. Washington Mutual is of course FDIC insured. Rates may vary by state. They also offer traditional CDs as well, but at lower rates.
By: The Piggy Banker
5.00% APY @ Washington Mutual
2007-04-09 10:00:00 Washington Mutual is offering a 5.00% APY rate on their high yield savings account if you open a checking account with them as well. Check out the special online offer here. The Annual Percentage Yield (APY) is effective as of 04/08/2007. Rates and APYs are variable and may change at Bank?s discretion at anytime without notice. ...
By: The Piggy Banker
5.00% APY @ Washington Mutual
2007-04-09 10:00:00 Washington Mutual is offering a 5.00% APY rate on their high yield savings account if you open a checking account with them as well. Check out the special online offer here. The Annual Percentage Yield (APY) is effective as of 04/08/2007. Rates and APYs are variable and may change at Bank?s discretion at anytime without notice. ...
By: The Piggy Banker
Buy Washington Mutual and get 18.4 Pct compounded return
2007-03-20 15:14:00 Buy Washington Mutual (WM) and get 18.4% compounded return |
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