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The Florida Times-Union, Jacksonville, First Coast Ticker Column.

Knight Ridder/Tribune Business News

| December 17, 2001 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Mark Basch, The Florida Times-Union, Jacksonville Knight Ridder/Tribune Business News

Dec. 17--When National Australia Bank bought Jacksonville-based HomeSide Lending Inc. in 1998, one of the main attractions was HomeSide's cutting-edge technology used to process mortgage loans more efficiently. And while $2.2 billion in losses attributed to HomeSide forced NAB to put HomeSide up for sale, the technology apparently still made HomeSide an attractive acquisition target.

Seattle-based Washington Mutual Inc., the largest U.S. savings and loan, agreed last week to buy most of HomeSide's assets for $1.9 billion. According to one analyst, a major reason for the …

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