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Washington Mutual Home Mortgage Rates

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.

UAE mortgage rates not expected to fall  23 September 2008 The UAE's home finance companies and banks may not lower their mortgage rates as the Emirates Interbank Offering Rate, or Eibor, has been going up, a senior official at one of the leading home finance companies and mortgage providers told Emirates Business.

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.

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 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 ...

Mortgage rates fall for 5th straight week   WASHINGTON, Sept. 18 UPI -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the fifth straight week, the Federal Home Loan Mortgage Corp. said Thursday.

Declines in mortgage rates frustrating locked-in borrowers, bankers  A drop in mortgage rates after the rescue of Fannie Mae and Freddie Mac is making buying a house cheaper for many, but also is causing headaches for bankers.

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

Mortgage rates fall steadily  WASHINGTON - Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months, as rates continue to decline following the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac.