Wamu Successor WMIH To Buy Controlling Stake In Nationstar

Wamu Successor WMIH To Buy Controlling Stake In Nationstar For $1.9 Billion WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. The company had limited operations other than WMMRC’s legacy reinsurance business. However. it has now become a contender in mortgage lending. The company announced it plans to buy a controlling interest in Nationstar Mortgage. […]

Ex-WaMu Executives Near Settlement W/ Feds Over Bank’s Collapse

Jesse Hamilton, Bloomberg Former Washington Mutual Inc. Chief Executive Officer Kerry Killinger and two other bank officials are in settlement talks with the Office of the Comptroller of the Currency, the last chapter in the government’s probe of the largest U.S. bank failure. The regulator is weighing a settlement with Killinger, former chief operating officer Stephen Rotella […]

WaMu Trustees Allege WaMu Collapse Caused by Goldman Short Selling Scheme

WaMu Trustees Seek Goldman Probe Dow Jones Newswires Trustees for creditors left unpaid after the biggest banking failure in U.S. history say they suspect Goldman Sachs Group Inc. (GS) of targeting Washington Mutual Inc., in a naked short-selling scheme. If those suspicions prove out, the alleged wrongs could translate into a damage award for those […]

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