Wikio - Washington Mutual

Whitney Tilson: Buy prudently and be a fan of fear to reduce risk (Financial Time)

Sat, 05 Jul 2008 02:50:00 GMT

... highlighted in my mid-April column, in which I wrote: “Funds I co-manage remain short MBIA, Ambac, Washington Mutual, Lehman Brothers and PMI Group, among others, believing that each faces substantial loan writedowns in excess of what the market is expecting.”In a mere two-and-a-half months, these five are down an average of more than 60 per cent. Our largest short position today is credit-ratings...

Source : Financial Time (subscribe)

Explore : Finance, MBIA, Moody's

A not so encouraging dead link (Bronte Capital)

Sat, 05 Jul 2008 00:05:00 GMT

I was doing a little research on Washington Mutual. In particular I was trying to work out whether the entire Long Beach Mortgage portfolio is as toxic as Mish's benchmark deal . So I go through WAMU investor relations site - and looking for IR for fixed income. I get to this site. I click on the link to WaMu Asset Acceptance Corp (where all the Long Beach stuff resides). The link is dead. When...

Source : Bronte Capital (subscribe)

Tech:stocker - Some Fourth of July Fireworks With Washington Mutual (alarm:clock)

Thu, 03 Jul 2008 23:24:00 GMT

Remember everything we said yesterday about investing in "stable staples" of consumers and small and micro caps that are less volatile? Just forget all of it as we discuss Washington Mutual (WM:NYSE), a stock that looks worse than the fools who stepped in the ring Mike Tyson's during his early fights (you can also add Evander Holyfield and his chewed up ear to the comparison). And yet, we couldn't...

Source : alarm:clock (subscribe)

Explore : Boxers, Boxing, Financial Services, Mortgages, NYSE

TPG Advisors reports 16 pct Washington Mutual stake (Reuters UK)

Thu, 03 Jul 2008 20:51:30 GMT

WASHINGTON, July 3 (Reuters) - TPG Advisors on Thursday disclosed that it holds 16.2 percent of the common stock of Washington Mutual Inc , for investment purposes only.

Source : Reuters UK (subscribe)

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Best Online Banks: It’s Not Just About Rates (Blueprint for Financial Prosperity)

Thu, 03 Jul 2008 16:15:36 GMT

... at least August 15th. E*Trade isn’t far behind with a 3.30% APY, ING Direct sports a 3.00% and Washington Mutual boomerangs in with a 3.30% APY. You would do far better with your funds in any one of those banks than in the one you’re in now (probably). On Interest Rates Despite what you may think, interest rate isn’t everything when you’re trying to decide which online bank to put your deposits....

Source : Blueprint for Financial Prosperity (subscribe)

Explore : Banking, HSBC

Zacks Industry Rank Analysis Highlights: Cabot Oil & Gas, Oracle, Research in Motion, SAP and Washington Mutual (Business Wire)

Thu, 03 Jul 2008 13:43:00 GMT

Zacks Industry Rank Analysis Highlights: Cabot Oil & Gas, Oracle, Research in Motion, SAP and Washington Mutual CHICAGO--()--Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this weeks analysis includes as by Cabot Oil & Gas (NYSE: COG), Oracle (Nasdaq: ORCL), Research in Motion (Nasdaq: RIMM), SAP (NYSE: SAP) and Washington Mutual (NYSE: WM). To see the Zacks Industry...

Source : Business Wire (subscribe)

Explore : Information Technology, Telecommunication

NAACP Fights Mortgage Discrimination: On 'Day of Action,' Group Calls Attention to Anniversary of 1964 Civil Rights Act (Red Orbit )

Thu, 03 Jul 2008 11:00:39 GMT

The focus of the discussion was a class-action lawsuit filed nearly a year ago by the NAACP against 17 major lenders, including JPMorgan Chase and Co. and Washington Mutual Inc. The suit alleges that the lenders systematically offered substandard terms on loans to minority applicants with similar credit, income and qualifications as white applicants.

Source : Red Orbit (subscribe)

Explore : Civil Rights, Discrimination, Law, NAACP, Sciences

Utah NAACP leader calls for end to mortgage bias (Deseret Morning News)

Thu, 03 Jul 2008 06:23:53 GMT

The lenders cited in the lawsuit are Washington Mutual Inc.; Citimortgage Inc.; HSBC Finance Corp.; GMAC Mortgage Group LLC; GMAC Residential Capital; J.P. Morgan Chase & Co.; Chase Bank USA NA; Fremont Investment & Loan; Option One Mortgage Corp.; WMC Mortgage Corp.; Accredited Home Lenders Inc.; Bear Stearns Residential Mortgage Corp. doing business as Encore Credit; First Franklin Financial...

Source : Deseret Morning News (subscribe)

Explore : Banking, Business, Discrimination, HSBC, Utah

Atascocita woman opens drive-through coffee cafe (Houston Chronicle)

Thu, 03 Jul 2008 05:30:00 GMT

... percolating and poised for robust growth. “Before I started researching this business, I worked at Washington Mutual in commercial lending and banking,” said Barnes. “After the bank downsized, I decided to go into business for myself. I always enjoyed the specialty coffees like they have at Starbucks but I wanted something small and close to home. My goal is to have a more personal atmosphere....

Source : Houston Chronicle (subscribe)

Explore : Cities and Towns, Humble and Kingwood

NAACP highlights mortgage bias lawsuit (Seattle Post-Intelligencer)

Thu, 03 Jul 2008 00:47:00 GMT

Members of local and regional NAACP branches gathered outside Washington Mutual corporate offices Wednesday, part of what the NAACP called "a national day of action" against mortgage discrimination.

Source : Seattle Post-Intelligencer (subscribe)

Explore : Banking, Business, Discrimination, HSBC, NAACP

NAACP Calls for National 'Day of Action' Against Mortgage Discrimination (PR News Wire )

Wed, 02 Jul 2008 20:32:00 GMT

... of the nation's largest lenders last July for discriminatory lending practices. The defendants are Washington Mutual, Inc., Citimortgage, Inc., HSBC Finance Corporation, GMAC Mortgage Group, LLC, GMAC Residential Capital, J.P. Morgan Chase & Co., Chase Bank USA NA, Fremont Investment & Loan, Option One Mortgage Corporation, WMC Mortgage Corporation, Accredited Home Lenders, Inc., Bear Stearns...

Source : PR News Wire (subscribe)

Explore : Banking, Discrimination, Financial Services, HSBC, NAACP

Google Search Identifies Citibank PIN Number Thief (Information Week)

Wed, 02 Jul 2008 19:50:39 GMT

In 2007, First Bank of St. Louis, Missouri lost about $5 million in fraudulent ATM withdrawals to someone who had hacked four iWire Prepaid Card accounts. Surveillance video from a Washington Mutual bank branch in Brooklyn, where some of the unauthorized withdrawals were made, showed a Caucasian man in a dark baseball cap emblazoned with the words "Top Gun" and a star and wings symbol, as well...

Source : Information Week (subscribe)

Explore : Federal Bureau of Investigation, Google, Internet, Internet companies, Technology

WaMu Announces Conversion of Series S and Series T Preferred Stock (Business Wire)

Wed, 02 Jul 2008 17:42:00 GMT

SEATTLE--(BUSINESS WIRE)--Washington Mutual, Inc. (NYSE:WM) announced the conversion of its Series S and Series T Contingent Convertible Perpetual Non-Cumulative Preferred Stock into common

Source : Business Wire (subscribe)

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BusinessWeek: Be wary of stocks under $10 (AAPL - BloggingStocks)

Wed, 02 Jul 2008 15:45:00 GMT

Filed under: Forecasts , Consumer experience , Competitive strategy , Apple Inc (AAPL) , Ford Motor (F) , Motorola (MOT) , Research in Motion (RIMM) , Washington Mutual (WM) , Economic data , JetBlue Airways (JBLU) The weak market conditions have caused many stock prices to fall under $10. Not only smaller -- and perhaps less known -- stocks trade under $10 these days, but also some big and...

Source : AAPL - BloggingStocks (subscribe)

Explore : Finance, Ford Motor Company, Motorola, Regional Airlines, Stocks

Wachovia Offers No Prepayment Penalty on Pick A Pay Loans (The Real Estate Bloggers)

Wed, 02 Jul 2008 15:41:36 GMT

... to stop offering loans known industrywide as option adjustable-rate mortgages. Earlier this month, Washington Mutual Inc., the nation’s largest thrift, said it would end all negative-amortizing loans — borrowings in which monthly payments don’t cover accrued interest, thus causing the loan’s outstanding balance to increase. Pick-A-Pay, which has been at the heart of Wachovia’s troubles -...

Source : The Real Estate Bloggers (subscribe)

Explore : Mortgages

Reach Washington Mutual Executive Customer Service [Call Kerry Killinger] (The Consumerist)

Wed, 02 Jul 2008 12:40:09 GMT

Rosalva Alvarez rosalva.alvarez@wamu.net 1-800-225-5497, option 1, option1, extension 467 Fax: (206) 965-3082 Use this after normal customer service fails. Be nice, ready to state your case in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Source : The Consumerist (subscribe)

Explore : Leisure, Normal, Record Labels, Shopping

Little Mama's bodacious new ride (at taxpayer expense, of course) (Doug Ross @ Journal)

Wed, 02 Jul 2008 10:06:00 GMT

... home, which she is trying to get back. The new owner of the home has sued her and her lender, Washington Mutual, after the bank moved to rescind the foreclosure sale.

Source : Doug Ross @ Journal (subscribe)

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Neopolitan Networks Announces New National Sales Director (PR News Wire )

Wed, 02 Jul 2008 10:00:00 GMT

SAN ANTONIO, July 2 /PRNewswire/ -- Neopolitan Networks, Inc., a leading networking solutions provider, announced the appointment of Steve Cote as national director of sales. Mr. Cote will expand the company's sales team, leverage its branding strategies, and build on the national reputation Neopolitan Networks already enjoys. (Logo: ) "Steve and his team will help Neopolitan bring its innovative...

Source : PR News Wire (subscribe)

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'Red-Handed Bandit' hits another Houston-area bank (Houston Chronicle)

Wed, 02 Jul 2008 05:30:00 GMT

... Bank branch at 1503 Eldridge Parkway in Houston.He also is suspected in the robberies of the Washington Mutual Bank at 14565 Memorial Drive on Jan. 16, the IBC Bank at 1545 Eldridge Parkway on Jan. 26, the Washington Mutual Bank at 13070 Bellaire on Feb. 15 and the IBC Bank inside a Kroger at 10570 Texas 6 in Sugar Land on March 20, according to the FBI.The robber is described as...

Source : Houston Chronicle (subscribe)

Explore : Bellaire, Cities and Towns, Federal Bureau of Investigation, Houston, Texas

Brand-Name Stocks Under $10: Buyer Beware (Business Week )

Wed, 02 Jul 2008 03:43:47 GMT

... bin. But wait—there's more. Other big names that are trading below $10 are Sprint Nextel (), Washington Mutual (), Del Monte Foods (), and many airlines including Northwest Airlines (), UAL (), Delta (), and JetBlue (). (For a list of more names under $10 see the accompanying .) And one more illustrious name is perilously close to joining the single-digit list: General Motors (), which touched...

Source : Business Week (subscribe)

Explore : Del Monte Foods, Finance