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WaMu Chief: $500B or Bust.(Washington Mutual Bank)(Brief Article)
Washington Mutual chairman, president and chief executive Kerry Killinger said that in the near future the top tier players in the mortgage industry must have at least mortgage origination operations of $100 billion and servicing platforms of over $500 billion to be competitive.
He made those remarks during a meeting and conference call for analysts and investors when the Seattle-based thrift announced its purchase of Dime Bancorp Inc.
Mortgage banking, he noted, is a scale-driven business and Washington Mutual "hopefully will set the benchmark."
The pace of consolidation is quickening and Washington Mutual needs to move quickly or risk being left out.
With the addition of Dime subsidiary North American Mortgage, WaMu looks to be the first company to have double-digit market share in originations, and he is actually ...
- Dime attracting WaMu?(Washington Mutual, Dime Bancorp Inc., North American...
- Magazine article from: Origination News Muolo, Paul June 1, 2001 700+ words
Washington Mutual, Seattle at press time was getting more serious about its intentions...buying the entire Dime franchise or just its mortgage subsidiary, North American Mortgage Co., which is based in Florida. WaMu may also have designs...
- In Brief: Wamu Cutting 2,300 Jobs at Dime.(Washington Mutual Inc. announces job...
- Magazine article from: American Banker Julavits, Robert January 9, 2002 700+ words
Washington Mutual Inc. announced Tuesday that it will eliminate 2,300 positions...swing. Wamu said the cuts, which will include 1,500 jobs at North American Mortgage, Dime's Tampa-based mortgage unit, are meant to eliminate...
- Washington Mutual Announces Plans for Retail Banking Concept in Greater New...
- Press release article from: Business Wire March 14, 2002 700+ words
...customer experience." Washington Mutual entered the New York...creating a platform for Washington Mutual's growth in the nation...operations of Dime's North American Mortgage Company, Washington Mutual has also further strengthened...
- Washington Mutual Completes Acquisition of Dime Bancorp.
- Press release article from: Business Wire January 7, 2002 700+ words
...Jan. 7, 2002 Washington Mutual, Inc. (NYSE:WM...based platform for Washington Mutual's retail banking operations...operations of Dime's North American Mortgage Company, Washington Mutual has also further strengthened...
- Washington Mutual Names Susan Jackson to Lead Efforts to Increase Homeownership...
- Press release article from: Business Wire May 8, 2003 700+ words
...help them prepare for tomorrow." Washington Mutual works with emerging markets to...mortgage business, Jackson comes to Washington Mutual from North American Mortgage Company (acquired by Washington Mutual in Jan. 2002) where she was vice...
- Fitch Affirms Washington Mutual Rtgs On Dime Bancorp Acquisition.
- Press release article from: Business Wire January 4, 2002 700+ words
...2002 Earlier today Washington Mutual, Inc. completed its...affirmed its ratings on Washington Mutual, Inc. (long-term...of New York FSB and North American Mortgage will be merged into Washington Mutual Bank FA on Monday...
- California Reinvestment Committee Asks: Washington Mutual's $375 Billion -...
- Press release article from: PR Newswire October 31, 2001 700+ words
...consumers to comment on Washington Mutual Bank's (WAMU...Dime Bancorp and North American Mortgage to federal bank regulators. Washington Mutual has announced a...underserved communities? Washington Mutual has stated a goal...
- Washington Mutual Finalizes Acquisition of New York City-Based Dime Bancorp.
- Newspaper article from: Knight Ridder/Tribune Business News January 8, 2002 700+ words
...Kerry Killinger, Washington Mutual's chief executive...2000 -- brings Washington Mutual, the nation's...included Dime's North American Mortgage Co...billion in assets to Washington Mutual's $223 billion...
