Washington Mutual expects big drop in profit

Story date: 2007-10-05 08:04:00
Added on: 2007-10-05 14:00:23

CNBC - NEW YORK (Reuters) - Washington Mutual Inc , one of the largest U.S. mortgage lenders, said on Friday it expects a 75 percent drop in quarterly income on losses and write-downs on mortgage loans and securities. Loan loss provisions for the ...


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