cancel
Showing results for 
Search instead for 
Did you mean: 

WaMu Chief Warns of 'Perfect Storm' in housing market

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Super Contributor

WaMu Chief Warns of 'Perfect Storm' in housing market

 
WaMu dropped 3% after CEO Kerry Killinger said at a Lehman Brothers conference in New York that the housing industry is headed for a "near perfect storm."
 
He said the lender, which has already boosted its provision for loan losses this year, may have to sock away an added $500 million as housing markets continue to weaken.

Elsewhere in the mortgage sector Monday, Countrywide sank 6% as news from the mortgage industry continues to get uglier ..................

 

 

 

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 1 of 1
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.