Real Estate Credits

washington mutual bank

The Fair Credit Reporting Act requires that negative information be deleted after seven years (10 years for a bankruptcy) so that you aren't punished for the rest of your life for having once had a bad credit rating. Ironically, your bank might ask you to get a co-signor! In addition, if the borrower defaults on the loan, the late and missed payment notations will appear on your credit report. If they did, every American would have a very low credit score. Below is the key indicating what these letters and numbers mean: O = Open (entire balance due each month) R = Revolving (amount due can change each month) I = Installment (fixed amount due each month) 0 = Approved, but account is too new to rate or not yet used 1 = Paid as agreed 2 = 30 or more days past due 3 = 60 or more days past due 4 = 90 or more days past due 5 = 120 or more days past due or is a collection account 7 = Making regular payments under a wage earner plan or other arrangement 8 = Repossession 9 = Charged off account Therefore, based

News

Washington Mutual "neutral," target price reduced (New Ratings)

NEW YORK, August 3 (newratings.com) - Analysts at DA Davidson maintain their "neutral" rating on Washington Mutual Inc ( WM.NYS ). The 12-18 month target price has been reduced from $44 to $39.

Countrywide, Washington Mutual Bond Risk Rises on Subprime Woes (Bloomberg.com)

Aug. 2 (Bloomberg) -- The perceived risk of owning bonds of mortgage lenders Countrywide Financial Corp. and Washington Mutual Inc. rose on concerns about deepening losses from risky home loans, according to credit-default swap traders who bet on creditworthiness.

Police arrest suspect from bank robbery in Capitola (Register Pajaronian)

Police on Tuesday afternoon announced the arrest of one of two suspects in Monday’s bank robbery at the Washington Mutual Bank on 41st Avenue in Capitola.

Capitola Police Search For Bank Robbers (KSBW Salinas)

Police are searching for two people who they say robbed the Washington Mutual Bank in Capitola.

Fitch Downgrades Washington Mutual's CMBS Primary Servicer Rating; Affirms Master & Special (Business Wire via Yahoo! Finance)

CHICAGO----Fitch Ratings downgrades Washington Mutual Bank's commercial mortgage-backed securities primary servicer rating to 'CPS3+' from 'CPS2-'. In addition, Fitch affirms WMB's master servicer rating of 'CMS3' and its special servicer rating of 'CSS3'.

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Washington Mutual

... products and services offered through WaMu 1031 Exchange are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Washington Mutual Bank ...