Washington Mutual has been tagged as the "Bear of the Day" for May 7 by Zacks Equity Research, Chicago. Zacks noted that WaMu had a first-quarter net loss of $1.40 per share, which it termed "abysmal." The loss, which significantly exceeded estimates by Zacks and many Wall Street analysts, "was driven by the elevated level of provisioning ($43.5 billion) during the quarter," Zacks said. Despite a rating outlook boost from negative to stable by Moody's investors Service, Zacks said it remains bearish on WaMu's stock because of a "significant reduction" in its dividends and its restructuring of certain major business operations. The research firm can be found online at http://www.zacks.com.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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