Kerry Killinger Quotes on Business & Commerce (4 Quotes)

This is a landmark day for Washington Mutual and for our industry,

Despite the challenging environment, especially in the home loans business, we delivered solid performance, achieving 12 percent earnings per share growth for the quarter and 14 percent for the year.

This was a disappointing quarter. While second-quarter results were affected by the volatility of our mortgage servicing rights, the root of our problem is the unacceptably high cost structure in our mortgage banking business. We know what we need to do, our efforts are well under way, and we will not be satisfied until we have fixed it.

With this move, Washington Mutualalready the second largest home lender in New Yorkacquires a broad retail footprint to complement our existing mortgage business,