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Written by gold-coin-fan on
As we continue to cover Washington Mutual changes, we here at Savings Accounts 411 keep getting questions from our readers. This time, we’re addressing how credit cards moved to Chase after the takeover. Chase Bank is the new parent of Washington Mutual and has integrated all the businesses of WaMu. WaMucards Online is the older name of credit card services provided by the company. They are practically taken as Chase Bank cards after the integration but are often interchanged with each other. Although the company used to offer many brands of credit cards, all of them have become obsolete with the integration or have ... Read Full Story
Written by gold-coin-fan on
Many Washington Mutual customers are a little nervous about the switchover to Chase Bank that their banking is undergoing and are wondering how things might change for them. For many, one of the strongest suits that WaMu offers is its customer service and the ease of online banking at WaMu. So far, WaMu Online Banking 2009 hasn’t changed much, just the title on top of the screen (announcing the move to Chase). The same services that Washington Mutual Online Banking has always offered are still there. Account holders have been told that their accounts will move to Chase without changing numbers and it may ... Read Full Story
Written by gold-coin-fan on
Today we’re going to have a new look at the home loan options available at Washington Mutual home mortgage rates. Periodically, we here at Savings Accounts 411 like to see how they’ve changed and report that to you. In many areas, Washington Mutual (WaMu) is now Chase Bank. Rates for mortgages vary by area as well, so what you see here might not be the same as what’s available locally. These are a guideline. For these rates, we’re assuming a $150,000 loan with excellent credit (700 FICO or better) and up to 15% down plus the cash on hand to pay any fees associated. ... Read Full Story
Written by cheapdanny on
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Written by gold-coin-fan on
It’s time to review Washington Mutual online banking for you here at Savings Accounts 411. With the changeover to Chase Bank, much of WaMu Online has changed and will continue to change, so we’ll bring you the information as it happens. Most of the expected technologies that customers have come to rely on for WaMu Online banking are still there: account balances, histories, voided checks, and so forth. Transfers between WaMu accounts and Chase accounts (if both exist) are also possible at WaMu Online. Washington Mutual online banking options that are now at Chase Bank are clearly labeled and transfer you to the Chase ... Read Full Story
A bankruptcy judge is expected to rule soon on who owns $4 billion in Washington Mutual deposits claimed by both J.P. Morgan and the thrift's holding company.  
From wsjonline.com ()
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WaMu Is Gone, but the Parent Is Fighting OnWall Street JournalA federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JP Morgan Chase & Co., which bought the doomed financial ...and more »  
From news.google.com ()
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Fitch Ratings has upgraded the ratings on the subordinate classes of WaMu Card Series notes issued from the Washington Mutual Master Note Trust (WMMNT). Fitch had placed these ratings on Rating Watch Positive after all accounts originated by Washington Mutual Bank were removed in a non-random manner on May 19, 2009, leaving the trust with only Chase Bank USA, N.A. (Chase Bank USA)-originated receivables. That removal also removed delinquent...  
From pr-inside.com ()
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A Puerto Rico-based bank has filed a lawsuit against two Washington Mutual subsidiaries, alleging that they didn’t properly disclose information about mortgage-backed securities they issued in 2006 and 2007, shortly before the start of the financial crisis. (JPM)  
From bizjournals.com ()
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SEATTLE - One year after Washington Mutual became the largest bank in U.S. history to fail, former employees are still grappling with questions about their own actions, the motives of top executives and the folly of a nation gripped by a housing boom....  
From hispanicbusiness.com ()
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Attorneys have filed an action in the US District Court for the Northern District of California accusing yet another bank of nurturing a Ponzi scheme. The complaint was filed as a class action suit on behalf of victims of a $150 million Ponzi scheme involving thousands of defrauded investors and the promise of safe, high yield CDs.  
From newswise.com ()
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SEATTLE - An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu's collapse last year, has been dismissed.Some former WaMu directors and individuals who served on 401(k) fund committees remain partly on the hook, but the New York banking [...]  
From lmtribune.com ()
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