Washington Mutual Inc., the ex-owner of the biggest US bank to fail, will face a November trial in an investor lawsuit over ownership of $4bn in low-ranking debt known as trust-preferred securities, a judge said. US Bankruptcy Judge Mary Walrath in Wilmington, Delaware, scheduled a trial for Nov. 1, the first day of a confirmation hearing on WaMu’s reorganization plan.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

HW Tech100, growth through focus

Each year, HousingWire publishes HW Tech100, a list that recognizes the 100 most innovative and impactful technology companies in the housing industry. This list includes companies at all stages and often has solutions for mortgage origination, loan servicing, secondary markets, real estate agents, valuations, multifamily and real estate investing…to name a few.  The goal of […]

Nov 19, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please