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WaMu Posts $1.87 Billion Q4 Loss on Mortgage Woes
Jan 17, 2008Washington Mutual, the nation’s largest thrift, reported a net loss of $1.87 billion for the fourth quarter after market close on Thursday. The loss was its first since 1997, and came as WaMu took a $1.6 billion after-tax charge to the value of its home mortgage unit and set aside $1.53 billion for credit losses.
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Up Next: JP Morgan Looking at WaMu
Jan 11, 2008 -
Poof! Mortgage Brokers Vanishing in Washington
Jan 02, 2008 -
Connecticut’s Webster Bank Exits Wholesale, Correspondent Channels
Dec 31, 2007 -
SEC Probes WaMu on Appraisal Practices
Dec 21, 2007 -
Home Prices Drop Most in Over Two Decades During Third Quarter
Nov 27, 2007 -
WaMu Warns on Mortgage Hit; Says Income Will Drop 75 Percent in Third Quarter
Oct 05, 2007 -
S&P/Case-Shiller Indices Point to Biggest Drop in Housing Prices in 16 Years
Jun 26, 2007 -
WaMu Lays Off 120, Closes Loan Fulfillment Center
Jun 18, 2007 -
Central Pacific Mortgage to be Acquired by TMSF Holdings
Feb 14, 2007 -
S&P’s Home Price Index Expands Coverage to 20 MSAs
Dec 22, 2006
