Friday, October 19, 2007

WaMu profit sinks 72 pct, sees more housing slump (Washington Post)

NEW YORK (Reuters) - Washington Mutual Inc (WM.N), the largest U.S. savings and loan, said on Wednesday third- quarter profit fell 72 percent, hurt by mounting mortgage losses, and said it sees no end to the U.S. housing slump.

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[Source: Yahoo! News Search Results for housing loan]

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