Industry News

Washington Mutual loans tank, profit jumps

Home-lending income falls nearly tenfold but overall profits up 9%
Published on Apr 19, 2006

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by CareyBot

Washington Mutual, the largest U.S. savings and loan, on Tuesday said its first-quarter home-lending income fell nearly tenfold, to $38 million, compared with $323 million during the same period last year. Growth in WaMu’s credit card operations helped save the ...