| Abstract: | NEW YORK (Standard & Poor's) May 8, 2006--Standard & Poor's Ratings Services today assigned its ABOVE AVERAGE residential prime and subprime servicer rankings to Washington Mutual Bank (WAMU), a wholly owned subsidiary of Washington Mutual Inc. The outlook for both rankings is stable. These rankings reflect the company's seasoned management team and staff, comprehensive procedures, highly developed new hire training and continuing education initiatives, effective internal control environment, robust data analytics and performance measurement methodologies, and an efficient technology platform. Between 2001 and 2004, WAMU grew its residential loan-servicing portfolio through a series of large-scale acquisitions and mergers, which helped WAMU become one of the three largest mortgage servicers in the U.S. When considered in their entirety, the unprecedented size
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| Brief Excerpt: | RESEARCH Ratings Definitions ABOVE AVERAGE Residential Prime, Subprime Servicer Rankings Assigned To Washington Mutual Publication date: 08-May-2006 NEW YORK (Standard & Poor's) May 8, 2006--Standard & Poor's Ratings Services today assigned...
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| Issuer: | Washington Mutual Bank
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance
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