Washington Mutual

The Fate Of A Subprime Loan: Can This Man Hold On To His Mortgage? (VIDEO)

Huffington Post Investigative Fund | Christine MacDonald | Posted 12.22.2009 | Business

Read More: Long Beach Mortgage, Mortgages, Subprime Mortgages, Washington Mutual, Home Prices, Eliseo Guardado, Subprime Loans, Housing Crisis, Huffington Post Investigative Fund, Business News

(Second of two articles about the roots of the subprime lending bubble.)With the housing boom still in full force in early 2006, Long Beach Mortgage C...

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At Top Subprime Mortgage Lender, Policies Were An Invitation To Fraud

Huffington Post Investigative Fund | David Heath | Posted 12.21.2009 | Business

Read More: Long Beach Mortgage, Diane Kosch, Mortgages, Subprime Crisis, Washington Mutual, Real Estate Bubble, Wamu, Subprime, Housing Crisis, Business News

First of two articles about the roots of the subprime lending bubble. Diane Kosch had one of the most thankless jobs in the subprime lending craze....

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Jamie Dimon, Treasury Secretary? Evaluating The Rumors

Huffington Post | Grace Kiser | Posted 11.23.2009 | Business

Read More: Treasury Department, Unemployment, Washington Mutual, Obama Administration, Timothy Geithner, Jamie Dimon, Bear Stearns, Treasury Secretary, Fiscal Policy, Business News

The New York Post reported this morning that lawmakers are discussing JPMorgan Chase CEO Jamie Dimon as a potential replacement for current Treasury S...

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Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 10.28.2009 | Business

Read More: JPMorgan Chase, Bear Stearns and JPMorgan Chase, J.P. Morgan Chase, Washington Mutual, Too Big to Fail, Regulatory Reform, Office of Thrift Supervision, Ots, Financial Crisis, Aig, Jamie Dimon, Sifma, Financial Regulation, Business News

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

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Washington Mutual: How The Bank Turned Predatory

Business & Technology | David Heath | Posted 10.26.2009 | Business

Read More: Option Arms, Predatory Lending, Washington Mutual, Kerry Killinger, Adjustable-Rate Mortgages, Mortgage Crisis, Business News

(David Heath is now the Senior Investigative Reporter at the Huffington Post Investigative Fund) For decades, Washington Mutual lived up to its ima...

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Zombie Companies Haunt Stock Market Rally

Garrett Johnson | Posted 11.08.2009 | Business

Read More: Indymac, Casinos, Fannie Mae, Zombie Banks, Freddie Mac, Washington Mutual, Wall Street, Lehman Brothers, Business News

Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.

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Woman's House Mistakenly Auctioned by Washington Mutual

NBC Miami | Todd Wright | Posted 09.19.2009 | Business

Read More: Woman's House Mistakenly Auctioned, Anna Ramirez, Washington Mutual, Homestead Florida, Business News

You know times are tough when people are getting kicked out of their house when it’s not even for sale. That's what happened to Anna Ramirez afte...

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Life After Wall Street

Alicia Whitaker | Posted 08.17.2009 | New York

Read More: Morgan Stanley, John Mcgeehan, Washington Mutual, Finance, Chris Matthews, Lisa Fitzig, Wall Street, New York, New York City, Citigroup, New York News

It's no secret that thousands of former Masters/Mistresses of the Universe have left Wall Street since last year's meltdown.

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CIT Group: Washington Considers If Lender Is 'Too Big Too Fail'

nytimes.com | JULIE CRESWELL and STEPHEN LABATON | Posted 08.14.2009 | Business

Read More: Washington Mutual, Lehman Brothers, Jeffrey Peek, Cit Group, Treasury, Timothy Geithner, Too Big Too Fail, CIT Bailout, Business News

The CIT Group is one of the nation's biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough -- or...

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The Greatest Generation Takes a Sip of Bourbon

B. Jeffrey Madoff | Posted 07.09.2009 | Business

The significance of every generation will be examined, interpreted and reinterpreted, but in reality, the distinctions between them aren't so clear.

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KPMG Has A $1 Billion Problem At New Century

Francine McKenna | Posted 05.09.2009 | Politics

Read More: Subprime Mortgages, Liquidity, Washington Mutual, New Century Financial, Subprime Mortgage Crisis, Risk Management, Bear Stearns, Securities and Exchange Commission, Kpmg, Pcaob, Lehman Bros, Bailout Bandits, Politics News

KPMG is being sued for $1bn by the liquidators of New Century, the collapsed subprime lender, in the first big case against an auditor arising from th...

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Washington Mutual Sues FDIC For Over $13 Billion

Reuters | Posted 04.21.2009 | Business

Read More: Fdic, WaMu Lawsuit, Washington Mutual, Wamu, FDIC Lawsuit, Business News

Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the ...

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Shuttered Bank Branch on 53rd a Window on Credit Crisis

David Hoyt | Posted 03.27.2009 | Chicago

Read More: Chicago Commercial Development, Washington Mutual, Hyde Park WaMU, Washington Mutual Chicago, Financial Crisis, Hyde Park Banks, Chicago Bank Branches, Chicago News

No one wants to visit a downtown full of bank branches, a district that closed at 5PM and had displaced the very businesses that would take all the money withdrawn from conveniently located ATMs.

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57 Area Washington Mutual Branches Closing

Chicago Tribune | Becky Yerak | Posted 02.19.2009 | Chicago

Read More: Chase Wamu, Waashington Mutual Closings, Washington Mutual, Chase, Wamu Branch Closings, WaMu Chicago Branches, Wamu, Chicago News

JPMorgan Chase plans to close 57 Washington Mutual branches in the Chicago area by March 24 as part of its recent acquisition of the failed thrift tha...

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Great Reporting of a Sad Story

Jim Randel | Posted 01.28.2009 | Business

Read More: Financial Crisis, Housing Market, Housing Slump, Economy, Housing Crisis, WaMu Collapse, Washington Mutual, Housing Boom, New York Times, Wamu, Business News

If any citizen of this country presents a false loan application to a bank and then gets approved and the bank loses money, that applicant may well be prosecuted for bank fraud.

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Washington Mutual: Fall Of The Yes Men

New York Times | PETER S. GOODMAN and GRETCHEN MORGENSON | Posted 01.28.2009 | Business

Read More: Washington Mutual, Economy, Financial Crisis, Banking Crisis, Wamu, Washington Mutual Yes Men, Business News

As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of c...

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Toyota Republicans Should Cut Their Own Pay

Leo W. Gerard | Posted 01.22.2009 | Business

Read More: National Review, Sen. Lamar Alexander, Sen. John Cornyn, $700 Billion Bailout, Honda, Diet, Big Three, Toyota Republicans, Bank of America, Merrill Lynch, Aig, Auto Bailout, Daimler, Mercedes-Benz, Sen. Thad Cochran, Nissan, President Bush, Great Depression, Sen. Lindsey Graham, Germany, Washington Mutual, Gm, Sen. Richard Shelby, United Autoworkers, Ford, Fannie Mae, Toyota, Sen. Jim DeMint, Sen. Kay Bailey Hutchinson, Sen. Bob Corker, House of Councillors, Japan, Economic Policy Institute, Chrysler, Bmw, Freddie Mac, Wall Street, Lehman Brothers, South Korea, Sen. Saxby Chambliss, Sen. Johnny Isakson, New York Times, Bear Stearns, Sen. Mitch McConnell, Uaw, Business News

Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.

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Save the Jeep; Save the Nation

Leo W. Gerard | Posted 03.25.2009 | Business

Read More: Citigroup, Washington Mutual, Gm, Economy, United Auto Workers, Sen. Harry Reed, Ford, Mitt Romney, Fannie Mae, Credit Default Swaps, Congress, Collateralized Debt Obligations, Big Three, Aig, Chrysler, Freddie Mac, Wall Street, Lehman Brothers, New York Museum of Modern Art, Jeep, Uaw, World War II, Capitol, Senate Majority Leader, Willys-Overland, Detroit Bailout, Automakers, Bailout, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Detroit, Big Three Automakers, Detroit Three, Detroit Automakers, Cars, Chysler, Auto Industry, Bailout Outrage, Business News

Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.

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JPMorgan To Cut 9,200 Washington Mutual Jobs

Reuters | Posted 01.01.2009 | Business

Read More: Layoffs, JPMorgan Chase, Washington Mutual, Finance, Economy, Financial Crisis, Banks, Job Cuts, Washington Mutual Job Cuts, Business News

JPMorgan Chase & Co on Monday said it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on Sept 25 became the largest U.S. ba...

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WaMu Loan Officers Punished For Not Approving Dubious Loans

New York Times | GRETCHEN MORGENSON | Posted 12.03.2008 | Business

Read More: Washington Mutual Loan Officers, Financial Crisis, Washington Mutual Loans, Washington Mutual, Economic Crisis, Wall Street, Business News

AS a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. A decade of vetting m...

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JPMorgan's Dimon Talks About His New $25B

DealBook | Posted 11.16.2008 | Business

Read More: Bank Infusion, JPMorgan Chase, Washington Mutual, Finance, Economy, Banks, Bailout Plan, Jamie Dimon, James Dimon, Business News

"We did not think JPMorgan should be selfish or parochial and try to stop what is good for the system," he said. Of course, there have also been repo...

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JPMorgan Chase Profits Sink On Loan Losses

AP | MADLEN READ | Posted 11.15.2008 | Business

Read More: Banks, Economy, Finance, Personal Finance, JPMorgan Chase, Washington Mutual, Business News

NEW YORK — JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, lever...

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WaMu: Save the Whales!

Jessica Olien | Posted 10.29.2008 | Business

Read More: Banks, Killer Whales, Wall Street Crisis, Washington Mutual, Wamu, Orcas, Business News

I realized I needed money for my five or six weekend cans of Schlitz, which I've taken to drinking since the economy tanked.

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Eighty Percent Of Washington Mutual Chicago Branches Could Close: Report

Crain's Chicago Business | Ann R. Weiler, Alby Gallun and Lorene Yue | Posted 10.27.2008 | Chicago

Read More: JP Morgan Chase, Finance, Washington Mutual, Banks, Washington Mutual Collapse, Wamu, WaMu ATMs, Fdic, WaMu Chicago Branches, WaMu Chicago, WaMu Chase, Wall Street Crisis, Washington Mutual Chicago, WaMu Collapse, Personal Finance, Economy, Chicago News

"J. P. Morgan Chase & Co. is likely to shut down all but 15% to 20% of Washington Mutual Inc.'s Chicago-area branches, according to the real estate br...

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Administration Official: Bailout Likely, McCain Lost PR Battle

HuffingtonPost.com | Sam Stein | Posted 10.27.2008 | Politics

Read More: Administration Official, Washington Mutual, Mccain Pr, McCain Washington, Harry Reid, Mccain Bailout, McCain Economy, Majority Leader Reid, Politics News

Concerned that the public relations battle had turned against their favor, John McCain and the group of conservatives who opposed the outlines of the ...

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