washington mutual

Resentment Builds Ahead of Bank Transfer Day

On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.

Judge Rejects Wells Fargo Foreclosure Documents Again

U.S. Bankruptcy Court Judge Martin Glenn denied Wells Fargo's request for permission to foreclose on Tandala Mims's house in the Bronx for a second time on Thursday because he still wasn't satisfied that Wells -- as opposed to some other bank -- had the right to do so.

Foreclosure Fiasco: Who Owns This Mortgage?

Most people raising the issue of false mortgage documents are homeowners facing foreclosure. And in general, the banks' responses are that the paperwork issues are mere technicalities -- nothing to be concerned about. Then you find a case like that of like Wells Fargo's attempt to foreclose on Tandala Mims of New York.

What Went Wrong at WaMu: Weak Regulators Ignored Risks

Agency infighting and regulators' disregard of shoddy lending practices allowed Washington Mutual Bank, which failed in 2008, to continue to make high-risk mortgage loans and sell them as securities into the market, a Senate investigative subcommittee reported Friday.