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Washington Mutual chairman and chief executive officer Kerry Killinger last month told investors that his company is "positioned to go toe-to-toe with any competitor in the mortgage business."
Washington Mutual reported that second-quarter net income climbed 73% to $844 million from the year earlier quarter, with home loans contributing almost half of that total.
Four consecutive quarters of solid performance show that Washington Mutual's home loan division has overcome its risk management and integration hurdles, the company's chief executive officer said, adding that the new management team is among the...