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WaMu has $3.33 bln loss, says needs no new capital NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S. savings and loan, posted a $3.33 billion second-quarter loss on Tuesday as souring mortgages forced it to set aside more money for loan losses, but its shares rose after it said it didn't need to raise more capital. ReutersFannie, Freddie rescue: $25 billion The Congressional Budget Office on Tuesday estimated that a government plan to stabilize mortgage giants Fannie Mae and Freddie Mac could cost government coffers an average of $25 billion. CNNPaulson: Support for mortgage giants needed Treasury Secretary Henry Paulson said Tuesday that Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac. msn.comHouse Prices: Home improvements are a waste of money Falling house prices means that home improvements such as a new kitchen or a loft conversion are a waste of money thanks. TelegraphAmedisys AMED: Healthy gains from home health quot;Amedisys NASDAQ: AMED, one of the nationrsquo;s leading home health care... mrswing.comWashington Mutual reports 2Q loss of $3.3 billion Washington Mutual Inc. said Tuesday it lost a staggering $3 billion during the second quarter as it increased its loss reserves to more than $8 billion to cover souring loans in its mortgage portfolio. For the April to June period, the bank reported a loss of... San Francisco ChronicleFirms Offer Muslims Alternatives To Mortgages One segment of the home finance industry is thriving: Islamic finance companies. The companies help Muslims buy homes without violating Islam's ban on charging interest. NPRParagon in takeover talks with Blackstone Paragon, the struggling buy-to-let mortgage lender, is in talks with Blackstone about a potential takeover, which shows the US private equity group may be ready to call the bottom of the credit crisis FT.comCurrency Market Trading Currency market trading is quite an old business for people to participate in, but has become quite popular in recent years due to the internet. This market, only a decade ago, was dominated by large banks and firms. Today, individuals from the comfort of their own home can participate and make good profits in this market with very little to start up with. This isn't a place to get rich quick. ezinearticles.com`Marketplace` Report: Trouble At Wachovia? Wachovia, the nation's fourth largest bank, lost nearly $9 billion last quarter. Now the bank says it will exit the the wholesale mortgage business and cut nearly 11,000 jobs. NPR1 2 3 4 5 |
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