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Washington Mutual 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.

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 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

Washington Mutual shares rally sharply  Shares in Washington Mutual Inc, the savings and loan firm seen as next on the precipice of the US financial crisis, rallied on Friday as the US government moved toward a massive bail-out of nationwide mortgage debt and cracked down on stock trading.

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.

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.

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.

Mortgage rates fall for fifth straight week  Rates on 30-year mortgages dropped sharply again last week, falling to the lowest level in seven months, as rates continue to decline after the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac. Freddie Mac reported that its...