JPMorgan Chase & Co. is talking to Washington Mutual about possibly buying the nation's largest thrift, according to industry sources. One source close to WaMu said, "there's a lot of suits walking around the hallways" at the lender's headquarters in Seattle. The JPMorgan-WaMu rumors are not new. In years past the two parties have engaged in sale talks, investment bankers said. Among residential lenders, Chase Home Finance ranks third and WaMu sixth, according to the Quarterly Data Report. Both depositories do not comment on market rumors. WaMu has a market cap of $13 billion based on Friday's share price.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
June 22 -
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
June 22 -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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