DALLAS, Oct. 1, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring mortgage investment company Washington Mutual Inc. (Pink Sheets:WAMUQ). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Washington Mutual Inc. (Pink Sheets:WAMUQ) should be of particular interest to other mortgage investment companies: Annaly Capital Management (NYSE:NLY), MFA Financial Inc. (NYSE:MFA) and Redwood Trust Inc. (NYSE:RWT).
It is available at: http://www.beaconequity.com/i/WAMUQ
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Washington Mutual Inc. (WAMUQ) engages in consumer and small business banking. The Company operates two banking subsidiaries in the United States, Washington Mutual Bank and Washington Mutual Bank, as well as many non-bank subsidiaries. The Company operates a Retail Banking Group in the states of California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut.
Message Board Search for WAMUQ: http://www.boardcentral.com/boards/WAMUQ
In the report, the analyst notes:
"The Company operates in the U.S. region especially hit hard by the turn down in economic activity, employment and asset prices. Operating under Chapter 11, the Company's poor performance is expected under the economic circumstances besetting the United States.
"Moreover, recently released data revealing record credit card defaults is only the tip of a bigger not-yet-resolved credit contraction and default environment in all segments of the U.S. economy. The next wave of trouble in the banking sector will come from mortgage resets of alternative -A (alt-A) residential mortgages and stealthily climbing default rates in the commercial mortgage market."
To read the entire report visit: http://www.beaconequity.com/i/WAMUQ
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