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Washington Mutual Home Improvement Loans

Washington Mutual stuck with bad loans  Troubled Washington Mutual Bank says it is cooperating in an investigation into its relationship with a family of Southern California real-estate flippers.Washington Mutual made 43 home loans to Vijay and Supriti Soni of Corona del Mar since early last year and six of the 22 homes sold have already gone into foreclosure, The Orange County Register reported Sunday.The Soni family financed $24.5 ...

Moody's lowers rating on Washington Mutual Bank   Moody's Investors Service on Monday downgraded the financial strength rating of Washington Mutual Inc.'s main bank subsidiary to "E," its lowest rating, saying the thrift's capital is insufficient to absorb its mortgage losses.

Moody's lowers rating on Washington Mutual Bank  NEW YORK Moody's Investors Service downgraded Washington Mutual Bank's financial strength rating Monday, saying its troubled mortgage assets are depleting its capital base and eroding its franchise.

Citigroup likely to bid for Washington Mutual  Citigroup is likely to bid for American savings and loan company Washington Mutual, which has been hit by mortgage losses and is reportedly searching for potential buyers.

Nine percent of Kern home loans delinquent in July  More than 9 percent of active home loans in Kern County were delinquent in July, according to the latest report from First American CoreLogic. There were 104,081 active loans in July. A year earlier, 3.3 percent of local mortgages were 90 or more days in arrears, the Santa Ana-headquartered real estate research firm reported.

Chase seen as a likely suitor for Washington Mutual  J.P. Morgan Chase & Co. is seen as a likely suitor for Washington Mutual, which is staggering under huge mortgage losses. WM WFC JPM

Washington Mutual bidders push for government-assisted sale  Some bidders for Washington Mutual Inc. are pushing for a government assisted takeover of the bank, according to a report on Monday. WB C JPM WFC

Congress seems ready to OK $25 billion in loans to auto industry  WASHINGTON -- Congress appears ready to approve funding for $25 billion in loans to the U.S. auto industry, but the fate of automakers' push to use the loans for a broader range of projects was uncertain today.

House Democrats include $25 billion in loans for auto industry in bill  WASHINGTON -- House Democrats included full funding for $25 billion in government-issued low-costs loans to the auto industry in a draft bill obtained today by The Detroit News.

Washington Mutual: A long history  1889: Washington National Building Loan and Investment Association is founded after fire destroys much of Seattle's core. The following year it...