Uncategorized
Up Next: JP Morgan Looking at WaMu
By: PAUL JACKSON
January 11, 2008
In the wake of the Bank of America/Countrywide merger, numerous media outlets are reporting this morning that JP Morgan Chase is the latest financial institution hunting for an acquisition.
CNBC reported Friday morning that the investment bank has had what it characterized as “very preliminary” talks with Seattle-based Washington Mutual, who has been hit hard in recent months as the mortgage crisis has intensified.
The report suggests that JP Morgan also may be interested in two other regional banks, SunTrust Banks Inc. and PNC Financial Services, saying that one of the three are likely to be acquired “sometime this year.”
Industry sources suggested to HW that JP Morgan’s interest in WaMu may be tied to its strong retail presence in the Western states.
recent stories by department
Origination/Lending
Secondary Market/Investors
Get your HW Fix
Join nearly 10,000 bold subscribers who already get our daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.
Events
2009 Jul 09 -- 2009 Jul 10
USFN Legal Issues in Mortgage Servicing Seminar
Geared towards in-house counsel, designed to discuss current legal issues in the mortgage servicing industry and real estate finance. Closed event in Chicago, Ill.; for more information, visit www.usfn.org.
2009 Oct 04 -- 2009 Oct 05
IMN's 15th Annual ABS East
Hosted at the Foutainebleau Resort Miami Beach in Miami, FL, the theme of this year's event is "Navigating a Path to Recovery" and alludes to decisive actions by the government and industry leaders to set a course that will hopefully lead to a revived and robust US securitization market. For more information, visit www.img.org.
2009 Oct 20 -- 2009 Oct 21
RMBS: Assessing Value and Risk
This two-day course in Washington, DC will equip market participants with the knowledge and skills to evaluate prime, Alt-A and subprime RMBS portfolios in order to assess their value and understand inherent risks. For more information, visit www.fitchratings.com.
Print This Article





