Washington Mutual, Seattle, has announced the grand opening of two home loan centers and a loan processing center in Miami, the latest phase in its joint commitment with former basketball great Earvin "Magic" Johnson to boost homeownership in underserved communities.The openings also mark the beginning in Miami of Solid Start, a free, four-part financial education and credit building program available in English and Spanish. WaMu said it has now opened 25 home loan centers in eight cities across the country in conjunction with Johnson Development Corp., of which Mr. Johnson is chairman and chief executive officer. Two more centers are scheduled to be opened this year, one more in Miami and one in Newark, N.J. WaMu can be found online at http://www.wamu.com.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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Small businesses located near HUD's historic headquarters claimed the department's decision violated laws requiring that its offices stay in Washington, D.C.
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Expected coupons range from 5.66% on the AAA-rated A-1A tranche to 8.52% on the tranche rated B+.
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