Washington Mutual Inc., Seattle, has reported record earnings of $1.0 million ($1.07 per share) for the first quarter, up from $956 million ($0.99 per share) a year earlier.Originations of single-family residential loans totaled $97.47 billion for the quarter, up from $58.97 billion a year earlier. Home equity loans and lines of credit and multifamily loans totaled $38.72 billion as of March 31, up $6.73 billion, or 21%, from a year earlier, WaMu reported. The company said it is on schedule to open approximately 250 financial center stores and 70 home loan stores this year. WaMu can be found online at http://www.wamu.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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