Wamu's Wild Ride

Stay up-to-date on Canadian housing markets, American housing markets & foreclosure news. Learn the best and worst real estate markets & read mortgage market trends.

It’s been a rollercoaster ride these days for Washington Mutual shareholders. Yesterday the stock fell 17% to a 16 year low as UBS analyst Eric E. Wasserstrom predicted losses of over $27 billion by 2011, more than twice company estimates. Ratings firms had also downgraded a bunch of mortgage securities, sending all financial stocks down lower.

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