Washington Mutal
About the Lecture
The lecture Washington Mutal by Edu Pristine is from the course ARCHIV Case Study: PRM. It contains the following chapters:
- Washington Mutal
- Growth of Washington Mutal
- Boom and Bust of WaMu
- Lessons learned
Author of lecture Washington Mutal
Edu Pristine
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Excerpts from the accompanying material
... of the housing finance boom of the past decade. WaMu was a savings bank holding company and the former owner of Washington Mutual Bank, which was the US' largest savings and loan association. At December 31, 2007, ...
... the general level of inflation visible in the asset classes. Along these acquisitions to expand the balance sheet, WaMu bought a few subprime lenders as well. In 1999, WaMu bought Long Beach Financial, a subprime lender ...
... •Retail Banking Group •Card Service Group •Commercial Group •Home Loans Group. The failure of New Century Financial, a mortgage originator in 2007, was a squall that roiled the mortgage securities market. In 2007, WaMu reported charge-offs of $1.6 billions, three times higher than 2006 levels and roughly four times the loss rate experienced by the peers. In April 2008, WaMu got $7 ...
