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Search 1) News For: Repo Homes Seattle Washington

Seattle-based Washington Mutual declines comment on possible sale  SEATTLE - Washington Mutual has declined to comment on reports from the New York Times and Wall Street Journal that the savings and loan bank is looking for a buyer, if it can't find another way to raise capital.

Washington Mutual is reportedly for sale   Associated Press - September 18, 2008 8:45 AM ET SEATTLE - Washington Mutual has declined to comment on reports from the New York Times and Wall Street Journal that the savings and loan...

Washington Mutual investor clears way for cash infusion or sale  One of Washington Mutual��s biggest investors cleared the way for a cash infusion or sale of the beleaguered thrift Wednesday amid reports that the Seattle-based company is aggressively pursuing a deal to save itself. WM GS

Building of new homes drops 6.2% in August  WASHINGTON - Construction of new homes and apartments fell to the weakest pace in 17 years in August, far more than expected. But lower mortgage rates and tax credits give builders glimmers of hope.

Washington Mutual positioned for sale  A major Washington Mutual bank stockholder waived off a critical deal that allows the troubled bank greater capacity for selling itself, sources said.With markets plummeting, the window of opportunity for the bank to save itself is shrinking, The Seattle Times reported Thursday. But, equity firm TPG, which paid Washington Mutual $8.75 a share in a $7.2 billion deal in April, has sacrificed a ...

Repo rate could stay unchanged next month  Reserve Bank governor Tito Mboweni has hinted that the repo rate could be kept unchanged next month if crude oil prices remain low and the rand strengthens.

Washington Mutual Said to Attract Multiple Potential Bidders  Sept. 18 -- Washington Mutual Inc. , the savings and loan that put itself up for sale this week after losing half its market value, has attracted several potential bidders for all or part of the bank, a person familiar with the matter said.

Washington Mutual starts talks aimed at finding a savior  Washington Mutual, the largest U.S. savings and loan association, has begun exploring a sale in the event that it cannot find some other way to raise additional capital, according to people close to the negotiations.

Search 2) News For: Repo Homes Seattle Washington

New York Fed Announces Overnight Repo  RTTNews - The New York Federal Reserve announced Thursday that it will arrange and overnight repo. The Fed added that it "stands ready to arrange further operations later in the day, as needed."

Federal regulators looking for a buyer for Washington Mutual  NEW YORK - Federal regulators have been reaching out to large banks in an effort to organize a buyout of Washington Mutual. A source told the AP that one obstacle is the unknown value of the Seattle-based savings and loan bank.