Washington Mutual expects big drop in profit (Washington Post)

Story date: 2007-10-06 09:17:17
Added on: 2007-10-06 12:20:22

NEW YORK (Reuters) - Washington Mutual Inc (WM.N), 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.


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