3.3 billion quarterly loss biggest ever, but company points to positive signs By BILL VIRGIN P-I REPORTER Washington Mutual Inc. reported the biggest quarterly loss in its history -- $3.3 billion in the second quarter -- as it furiously stuffed more money into loan-loss reserves in an effort to keep ahead of a rising tide of mortgages gone bad. The quarterly loss was the third in a row of more than $1 billion for the Seattle-based consumer bank and mortgage lender, and was slightly more than the first two combined. While the quarter's results contained more bad news -- WaMu said real estate loan losses will be at the upper end of its earlier estimate of $12 billion to $19 billion over the next three to four years -- company executives also said there were a few encouraging signs, such as stabilizing delinquency rates in...
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