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Trial Lawyers Ready To Gear Up For Action.(mortgage lender Washington Mutual sued)(Brief Article)
In business as in politics, progress often is accompanied by unintended consequences. So it should come as no surprise that consolidation in the mortgage industry has attracted the attention of more than just stock analysts and investors. Now, class-action attorneys have started to notice as well. Not surprisingly, they don't always think that consolidation is a good thing for their clients, disgruntled home loan borrowers.
These "consumer advocates" have started keeping track of complaints against lenders. In months past, you've read about servicers facing litigation regarding allegations that timely payments were posted late, resulting in inappropriate late fees. That type of litigation isn't going away, and it may be expanding as lenders grapple with the challenges of integrating mortgage servicing portfolios acquired in the course of mergers and acquisitions.
The most recent case in point is Washington Mutual, the nation's biggest home loan lender and also the most active acquirer of other firms in the past few years. Last month, WaMu was served with a lawsuit from several prominent consumer-oriented law firms seeking class-action ...
- Wamu to scrap Western Bank brand.(Washington Mutual)(Brief Article)
- Magazine article from: Business Journal-Portland GOLDFIELD, ROBERT June 1, 2001 700+ words
...Pumphrey, manager of Washington Mutual Business Banking...Western Bank brand, Wamu will better leverage...consumer-oriented Washington Mutual operations, Wamu kept Western Bank...operates under Washington Mutual Bank's charter...
- Washington Mutual Announces ATM Branding Agreement with Cardtronics; WaMu Will...
- Press release article from: Business Wire August 21, 2006 700+ words
...growth with the new WaMu Free Checking(TM) account. About Washington Mutual Washington Mutual...throughout the nation. Washington Mutual's press releases...newsroom.wamu.com. About Cardtronics...1) The new WaMu Free Checking...account, offered by ...
- Washington Mutual Launches Paperless Checking Account Openings on the Web; WaMu...
- Press release article from: Business Wire May 11, 2006 700+ words
...features of the WaMu Free Checking...including no Washington Mutual fees for ATM...minutes at www.wamu.com." Washington Mutual, through its...the nation. Washington Mutual's press releases...at newsroom.wamu.com. The...
- WAMU THE CONQUERER: Washington Mutual becomes the superhero of the thrift...
- Magazine article from: US Banker Fogarty, Mark July 1, 2001 700+ words
Washington Mutual has marched...institution. "WaMu's management...mortgages. (WaMu also has an...For 100 years Washington Mutual had been a...s Gray. Washington Mutual's growth...controversy. WaMu's application...
- WaMu -- THE POWER OF YES.(Washington Mutual Inc.)(Statistical Data Included)
- Magazine article from: Mortgage Banking ENGLAND, ROBERT STOWE June 1, 2001 700+ words
...SALES MEETING, Washington Mutual, Inc.'s (WaMu) Seattle...according to WaMu. Surging to...in servicing Washington Mutual also has new...acquisition, Washington Mutual's servicing...according to WaMu. Only Wells...
- Washington Mutual Establishes Institutional Broker-Dealer -- WaMu Capital Corp.
- Press release article from: Business Wire July 1, 2002 700+ words
...institutional market. WaMu Capital Corp...closely with Washington Mutual and its affiliates...establishment of WaMu Capital Corp. complements Washington Mutual's relationship...Services Group at Washington Mutual. "WaMu Capital Corp...
- WaMu's whopping portfolio. (Cover Report: Servicing).(Washington...
- Magazine article from: Mortgage Banking Lutz, Warren February 1, 2003 700+ words
...Seattle-based Washington Mutual has bought and...put in place, WaMu is ready to...Seattle-based Washington Mutual (WaMu), has spent...Internet. And WaMu now operates...big part of Washington Mutual's fascination...
- WaMu goes for gold in California deal. (Washington Mutual Inc.'s plan to...
- Magazine article from: Puget Sound Business Journal Epes, James March 14, 1997 700+ words
...different. that's Washington Mutual." WaMu's proposed $6.6...raise its offer to equal WaMu's and then risk a proxy...overlapping branch network than WaMu could. Questioning the numbers Washington Mutual claims that it can cut...
- WaMu to Buy Providian.(Washington Mutual Inc., Providian Financial Corp.)
- Magazine article from: Origination News Finkelstein, Brad July 1, 2005 700+ words
...Fitch Ratings affirmed Washington Mutual's ratings of "A...card receivables vs. WaMu's existing asset mix...fourth business unit at WaMu and remain in San Francisco...Being associated with Washington Mutual will allow Providian...amp; Bartlett advised WaMu. Providian was ...
- WaMu's branch strategy a bust; Seattle bank's 3-year expansion here...
- Magazine article from: Crain's Chicago Business Daniels, Steve October 24, 2005 700+ words
...STEVE DANIELS Washington Mutual Inc.'s three...of June 30, Washington Mutual ranked fourth...711 million. WaMu, as the bank...Bank One-took WaMu's invasion...regardless of (Washington Mutual), is stronger...
Source: HighBeam Research, Trial Lawyers Ready To Gear Up For Action.(mortgage lender Washington...