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Keyword: timehealsallwounds
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Washington Mutual commits $2 bln for subprime help (relief for condo flippers on the way!)
NEW YORK (Reuters) - Washington Mutual Inc. (NYSE:WM - News), the largest U.S. savings and loan, said on Wednesday it will refinance up to $2 billion in subprime home loans at below-market rates to help borrowers who might otherwise struggle to keep up with payments. The decision comes amid growing defaults nationwide by homeowners with weaker credit histories as gains in housing prices slow, rates on many mortgages adjust higher, and lending standards tighten.
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Breaking News (News/Activism)
- FReeper Canteen ~ MERRY CHRISTMAS ~ 25 December 2025
- Sunday Morning Talk Show Thread 21 December 2025
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- LIVE: President Trump Delivers an Address to the Nation – 12/17/25 9pm ET
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