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Washington Mutual Refiancing

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 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 ...

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.

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...

Washington Mutual surges as bidders circle  Washington Mutual Inc., the savings and loan seeking a buyer after its stock price tumbled, surged in New York on reports six potential bidders were interested and as the government announced plans to halt the credit-market seizure and crack down on short-sellers.

Reports: Washington Mutual has four possible bidders  New York - Shares in Washington Mutual Inc, the savings and loan firm seen as next on the precipice of the US financial crisis, rallied Friday as the US government moved toward a massive bail-out of nationwide mortgage debt and cracked down on stock ...