In Mondays issue, Calif.s Hawthorne in Timely Shift of Lending Policy on page 9 overstated the weighting of collateral-dependent loans to cash-strapped millionaires in Hawthorne Savings Banks loan portfolio in December 1999. The loans made up 5.4%, not 54%, of the portfolio.
In Tuesdays issue, Wamu-Fleet Deal Would Reshape the Top Tier on page 1 understated the prominence to which the deal would raise Washington Mutual Inc. in the mortgage business. The use of yearend figures was to blame. Later data indicate that Wamu would become No. 1 in origination and No. 2 in servicing.