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The Securities and Exchange Commission is probing how Washington Mutual Inc., the nation's largest savings and loan, handled mortgages that were possibly based on inflated home appraisals.


The Washington Savings Bank offers construction loans and custom home loans in MD, Maryland and va refinancing in Alexandria and Arlington at low rates. We also provide refinancing loans and mortgage in Washington dc at lowest possible rates.


WASHINGTON - The chief executives of Fannie Mae and Freddie Mac on Tuesday warned their ailing mortgage-finance companies will suffer further in 2008 due to a weakening housing market and rising home-loan defaults. (AP)


Washington Mutual Inc., the biggest U.S. savings and loan, will write down the value of its home- lending unit by $1.6 billion in the fourth quarter and cut about 6 percent of its workforce as mortgage-market losses increase.


Washington Mutual, the U.S. savings and loan slammed by slumping mortgage markets, said it would slash its dividend, cut more than 3,000 jobs and announced a $2.5 billion capital infusion.



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