Washington Mutual Inc., Seattle, has settled its groundbreaking sale of 4.0 billion euros (about $5.1 billion) of European-style covered bonds, indicating that buyer interest in the debt instruments was strong."The demand we saw in the issuance was outstanding," said Robert Williams, senior vice president and treasurer of WaMu. WaMu is the first U.S. bank to complete a transaction in the European covered bond market. Washington Mutual can be found on the Web at http://www.wamu.com.
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Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
11m ago -
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
May 6 -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
May 6 -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
May 6 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6