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In China, the Wealthy Show Off Wealth With Lavish Homes  The county's 'villa compounds,' gated communities of multimillion-dollar houses, offer a view of what it's like to be rich in a nation that's coming to terms with being communist in


SEC Opens Probe To Prevent Spread Of False Info   The Securities and Exchange Commission said Sunday it is immediately opening a probe to prevent the spread of false information used to manipulate securities prices.SEC Chairman Christopher Cox said the


Mortgage repossession orders up (Reuters.co.uk)  LONDON (Reuters) - Orders for mortgage repossessions made in the first quarter of 2006 in England and Wales rose 57 percent on the year, the government said on Friday.read more...


Sallie Mae Gets More Than It Bargained For  Students from all over Southern California got more than they bargained for when they attended in Los Angeles a Sallie Mae seminar on how to pay for college.read more...


Washington Association of Mortgage Brokers Awards College Scholarship to Local High-School Student (PR Newswire via Yahoo! Finance)   The Washington Association of Mortgage Brokers , the voice for Mortgage-related issues in Washington state, today announced that it has partnered with Washington DECA to award a college scholarship


Radian announces leadership transition in Intl Mortgage business (Antara News)  MEDIA RELEASE PR24800 Radian Announces Leadership Transition in International Mortgage Business and Expansion into Australia Market (Full text of a statement. Contact details below.)read more...

April 15th, 2008

WaMu posts $1.14 billion loss in 1st quarter

“I know we’ve got the true grit in this company. We will get through this”

Washington Mutual it lost more than $1.1 billion in the first quarter as the struggling economy and flagging real estate values pummeled the bank’s borrowers, the nation’s largest savings and loan said Tuesday. via KCBY-TV Coos Bay



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