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StumbleLender’s profit declines
Wednesday, Jan. 21, 2004 | 9:23 a.m.
SEATTLE -- Washington Mutual Inc., the second-biggest U.S. mortgage lender, Tuesday said fourth-quarter profit fell 11 percent as demand declined for home loans.
Net income dropped to $842 million, or 93 cents a share, from $941 million, or $1, a year earlier, the Seattle-based company said.
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